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Reserve Bank of India logo is pictured outside its head office in Mumbai
Numbers of crisis
The figures for India's gross domestic product (GDP) growth in the fourth quarter of 2011-12, which were released on Thursday, show that the economy is in crisis. Between January and March this year, GDP grew at 5.3 per cent - the lowest growth for nine years, since the same quarter in 2003. Even for the full financial year of 2011-12, growth declined to 6.5 per cent, again a nine-year low. Never in
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