The deputy chairman of India’s Planning Commission said on Tuesday there was no need to alter the country’s medium-term growth plan of 9 per cent over the five years to 2011/12.
Montek Singh Ahluwalia said he expects farm sector output growth at 4 per cent for the fiscal year ending March 2009.
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Asia’s third-largest economy is feeling the impact of the global economic slowdown and growth is widely expected to slow to 7 per cent in 2008/09 from the 9 per cent levels witnessed in the past few years.
