ID :
90767
Sat, 11/21/2009 - 07:10
Auther :

PM ECONOMY 2LST


As far as India is concerned, its banking system, he
said, is better regulated.

"We don't allow our banking system to invest heavily in
those types of assets. Our export growth rate has sharply
declined. The flow of capital has also been affected," he
said.
"But more recently, capital has started coming back
to our country. Before the crisis, our growth rate was at 8.5
per cent to 9 per cent per year. This year it will be about
6.5 per cent. In two years, we should go back to 9 per cent
growth rate," Singh said. PTI LKJ
MYR


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