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Money Guide Charity Crony Capitalism is on the rise in India: RBC

Crony Capitalism is on the rise in India: RBC



New Delhi: The Reserve Bank of India (RBI) on Monday announced that it had revised down its annual growth forecasts for India to 7.6% from 7.9% and lowered its growth forecast for the coming fiscal.

The RBI said it was also reducing its forecast for inflation to 5.5% from 5.8%.

India is the fastest-growing economy in the world.

Its economic growth in the year to March 2017 was 6.1%.

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