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Growth, deficit problems not structural: RBI Governor Rajan

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Reserve Bank of India (RBI) Governor Raghuram Rajan said India’s slowing economy and its massive current account and fiscal deficits are not structural problems and can be fixed with modest reforms.

 

Rajan acknowledged the economy will expand at a pace that will be its slowest in a decade, with annual growth this year likely to be between 5 and 5.5%. Read More

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