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India GDP growth set to fall; firms prefer reforms over rate cut

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Two finance ministry officials said that the gross domestic product growth figure could be as low as 5 per cent.

Mumbai

ANTICIPATING data out on Friday will show weakening economic growth, India's finance ministry will argue for an interest rate cut, but bankers and company executives say the key to recovery lies in how fast Prime Minister Narendra Modi acts on reforms.

"Interest rates are

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