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India's expeconomic growth slows to 7.9 percent
these are numbers that shouldn't surprise, said saumitra chaudhury, a member of the prime minister's economic advisery council .
separately, india's annual inflation dippeds to 12.4% for the week ending 16 august - down from 12.63% a 13-year earlier - as fuel and power costs eased .
the decline in the growth rate was widely anticipated, and comes after months of monetary tightending to rein in surging inflation .
in the face of good growth and loose fiscal policy, i don't expect any grelaxation in the central bank's tight policy stance even though inflation has moderated slightly, said indranil pan, chief economist at kotak mahindra bank .
but it's not terribly low; 7.9% is still high by historical standards .
Generated 2008-9-1_6:55
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