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Finance Minister P. Chidambaram has made a case for need to push economic reforms to stave off further growth slowdown.
"Without reforms, risk of sharp and continued economic growth slowdown will be prevalent,” he said at the Economic Editors' conference in the Capital today.
Chidambaram said India's growth story is strong and that reform momentum will be strong and unabated. He also said that India must not fear flow of foreign capital into the country.
The Minister expressed confidence that private entrepreneurs will ramp up investments in the third and fourth quarter of this fiscal.
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