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RBI is likely to cut key policy rates by another 50 basis points in the next few weeks, as it looks to spur demand in the economy which is expected to come under a brief spell of deflation, said officials with the finance ministry and the central bank. A dramatic fall in inflation rate, which [...]

The year 2009 is set to be more difficult for the Indian economy and despite the government’s stimulus packages, it would take at least a year before it starts recovering.
“I don’t think the stimulus is sufficient to start a recovery. The most it can do is to minimize the magnitude of a further slowdown… India [...]