The country could be looking to return to a 9% annual economic growth as early as April, Kaushik Basu the Government’s Chief Economic Advisor said on Monday that 2010-11 could be the year of a big rebound suggesting that India had put behind last year’s local downturn and the impact of a global meltdown faster than expected.
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But double digit growth would need a snipping of red tape and inefficiencies he said, indicating room for more reforms ahead. The prognosis is very good and the growth rate should be 9% towards the end of the next year.
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