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India's growth will decelerate this FY to 5% from 6.2% last year, the statistics ministry has...

India's growth will decelerate this FY to 5% from 6.2% last year, the statistics ministry has said in a forecast that is lower than a recent finance ministry outlook of +5.8%. The slowdown is due to continued weakness in manufacturing and farm output, with the economy being hampered by lack of reform, wide fiscal and current account deficits, and high inflation.
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