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India's Booming Manufacturing and Growth Projections
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India's manufacturing growth surges in November, driven by robust demand, with input costs at a 40-month low. The economy is set to outperform as the fastest growing major economy this fiscal year, with GDP growth of 7.6% last quarter. Barclays and Citigroup raise their growth projections for India to 6.7% and 6.2% respectively, citing a manufacturing boom, government investment, and infrastructure spending ahead of elections.
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How might the manufacturing boom and government investment impact other sectors of India's economy, such as services or agriculture?
What factors contribute to India's potential to outperform as the fastest growing major economy this fiscal year?
What strategies could the Reserve Bank of India employ to manage inflation and interest rates amidst strong economic growth?
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