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This is an archive article published on September 14, 2009

Economy to stabilise in 6 months: Montek

India grew 6.7 per cent in FY09,slower than 9 pct or more clocked in previous three years.

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India8217;s economy will stabilise in the next six months and loan growth is showing signs of improvement,the plan panel deputy chairman Montek Singh Ahluwalia said on Monday.

Asia8217;s third-largest economy grew 6.7 per cent in 2008/09,slower than 9 per cent or more expansion clocked in the previous three years,and policy makers expect growth to slow towards 6 per cent in 2009/10.

 

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