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RBI governor: India's pace of growth to accelerate in 2018-19

Although the real GDP growth was moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, the Reserve Bank of India governor said

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Urjit Patel
Urjit Patel

The Indian economy gave a resilient performance in 2017-18 and the country's growth is expected to accelerate next fiscal, RBI Governor Urjit Patel has said. Although the real GDP growth was moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, the Reserve Bank of India governor said.

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