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Economy to turn around by Oct 2009: Chidambaram

Updated on Feb 15, 2009 08:05 pm IST

Central Interior Minister P Chidambaram on Saturday said that the next financial year would be tough for Indian economy but a turnaround should come in October. However, policymakers and analysts say the country needs to grow at 8.0-9.0 percent per year on a sustained basis to wipe out mass poverty and promote employment.

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