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Saturday, 14 August 2004 |
World | Today's Top Story |
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NEW DELHI, Friday (AFP) India, the second-fastest expanding economy
last year, is facing slower growth after being hit by a patchy monsoon,
soaring oil prices and inflation at 42-month highs. Add to that the
spectre of higher interest rates to rein in prices and it all adds up to a
financial baptism of fire for the new Congress government, elected in May
on a platform of spreading prosperity to India's poor. Other Stories
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