October 12, 2009 6:50 PM

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Economy is expected to do better: Pranab Mukherjee

Finance Minister Pranab Mukherjee has said the economy is expected to do better in the remaining part of the fiscal, and asserted that there is no need to be panic on rising prices as there is enough food stocks in the country. Mukherjee, who was in Pune to campaign for Congress for the state assembly elections, told reporters that the series of fiscal and monetary stimulus given to combat the slowdown would produce desired results. On the outlook for the remaining quarters of the fiscal, the minister said he expected the economy to perform better. He added Foreign Direct Investments (FDI) have substantially increased in the first three months. Industrial production has gone up by two per cent in July. The negative trend in the exports was showing a decline, Mukherjee said.

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