India economy set to grow 8.5 pct in 2010-11, says PM

India's economy is expected to grow 8.5 per cent in the current year and 9 percent in 2010/11, Prime Minister Manmohan Singh said on Friday.

India's economy is expected to grow 8.5 per cent in the current year and 9 percent in 2010/11, Prime Minister Manmohan Singh said on Friday.

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"However, high unemployment in industrialised countries threatens a revival of protectionist sentiment, especially since the use of conventional monetary and fiscal tools to revive the economy has been exhausted," he said in a speech at the plenary session of the G20 summit in Seoul.