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IMF cuts global growth target; India reacts to Obama's concerns

PUBLISHED ON: July 16, 2012 | Duration: 12 min, 58 sec

   
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The International Monetary Fund on Monday cut the global economic growth forecast for the next financial year to 3.9 per cent. After US President Barack Obama raised concerns about the investment climate in India, commerce minister Anand Sharma responded by saying that India was an attractive destination for foreign investments.
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