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Tuesday, Dec 13, 2005
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`Indian economy to grow 7-8 pc'

Our Bureau

NEW DELHI: The Indian economy should grow at 7-8 per cent during fiscal 2006-07, according to a research by American Express Bank.

An Economic Outlook research report has said that stabilisation or further fall in oil prices should also help keep the domestic inflation rate under control and limit the need for further interest rate hikes, although more small upward moves still look likely in the next fiscal.

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