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Q2 GDP might be near 5.5%, says Chidambaram

PUBLISHED ON: November 24, 2012 | Duration: 22 min, 53 sec

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Ahead of Q2 GDP data expected next week, Finance Minister P Chidambaram says that the economy likely grew 5.5 per cent in the quarter. However, he adds that India cannot afford to grow below 8 per cent. Meanwhile, at Bancon 2012, the minister warned that some consolidation in the banking industry is inevitable.
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