NEW DELHI (Reuters) -India need not quicken the pace of its return to a normal monetary policy, the deputy chairman of the Planning Commission said on Friday, after the country reported faster-than-expected industrial output growth.
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"It's going quite well, I don't think it needs to be swiftened," Montek Singh Ahluwalia said.
He said he expected double-digit industrial output growth in FY11.
India's industrial output rose much faster than expected at 17.6 percent in April from a year earlier on strong consumer demand and government spending.
Source : Reuters
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