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'GDP expected to be about 8.5 percent'
New
Delhi,
15
Dec,
2007
:
According
to
the
Governor
of
Reserve
Bank
of
India,
Y
V
Reddy,
the
Gross
Domestic
Product
for
the
current
year
is
expected
to
be
about
8.5
per
cent.
He said that for the current year, though subject to review, current expectation is GDP growth will be 8.5 per cent, inflation would be below five percent. The financial market, by and large, particularly money market, government securities market and products market, are expected to be reasonably stable.
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Story first published: Monday, December 17, 2007, 15:46 [IST]
