New Delhi: India's economy would be "significantly worse" in 2009 than in the previous year, a top policy advisor said on Friday, and the woes would not end in the fiscal year ending March 2010.
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"Is the problem going to end in 2009/10? I don't think so," Planning Commission Deputy Chairman Montek Singh Ahluwalia said. "Our latest assessment, on calendar year basis, is that 2009 is clearly going to be significantly worse than 2008."
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