The past few weeks have seen the government and several research bodies cut their respective growth forecasts. The RBI now sees the economy growing 8% in 2011-12, the prime minister's economic advisory council is pegging it at 8.2% while investment bankers such as Morgan Stanley say it could slide to 7.2%.

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Rajesh Mahapatra
writes.
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Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
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