India, emerging economies may not return to 8% growth: International Monetary Fund

Oct 09 2013, 17:17 IST
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IMF said domestic factors have played a major role in the sharp drop in India's growth rate. (Reuters) IMF said domestic factors have played a major role in the sharp drop in India's growth rate. (Reuters)
SummaryIMF has projected an average growth rate of about 3.8% in market prices for India in fiscal 2013.

growth is picking up – we expect growth to pick up next year," the IMF official said.

Responding to questions later, Duttagupta stressed the importance of targeted subsidies and the need to do away with generalised subsidies, which, she said, normally ends up benefiting the rich.

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