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Fiscal deficit, bad loans at banks reveal fragile side of Indian economy
Published Wed, Jan 21, 2015 · 09:50 PM
Mumbai
NEARLY eight months after Narendra Modi was swept into power in May 2014, the Indian economy has had a mixed showing. Figures released last week by the Ministry of Statistics and Programme Implementation show that growth in industrial production reached a five-month high of 3.8 per cent in November after contracting 4.2 per cent in October. However, consumer durables continued to be hit by low demand.
The …
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