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In its regional economic outlook released last Thursday, International Monetary Fund (IMF) has stated that India’s economic growth rate will accelerate to 6.5 percent in 2010, up from 5.33 percent in 2009, on account of robust domestic demand and rising private investment. “In particular, the normalisation of financial conditions is expected to support a rebound of private investment, sustaining demand even as the fiscal stimulus wanes,” it added.

In its twice-yearly World Economic ...