11/30/2009

Tax cuts and all-time-low interest rates likely drove India's growth to 6.3% in the third quarter compared with the same period last year, economists said. That came after a 6.1% expansion in the second quarter. "India's growth is being heavily driven by government stimulus," said Nikhilesh Bhattacharyya, an economist at Moody's Economy.com. "It's way too soon to turn away from accommodative monetary and fiscal policies."

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