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India aiming for double digit growth

With the economy showing signs of a steady recovery, the Indian government on 24 March said its aim for double digit growth barrier was to soon break.

India’s economic growth rate had reached 9.7 percent in 2006-07, the highest rate the country had experienced post-liberalisation, and it had yet to touch double digits when the global economic slowdown put a stop to this growth trajectory.

However, India was among the fastest economies to emerge out of the crisis.