April 28, 2010 2:26 PM

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Fiscal stimulus packages leads to recovery of economy

Fiscal stimulus packages along with active monetary policy have led to the recovery of economy in the country. Making a statement in the Lok Sabha today, the Minister of State for Parliamentary Affairs Mr. V. Narainswamy said that despite global economic meltdown, economy is on a higher growth path. Nine per cent growth is expected to be achieved in the current five year plan. The advanced estimate released by Central Statistical Organisation indicates 7.2 per cent growth in the last fiscal. It is expected to cross eight per cent this year.<br/>

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