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Citigroup raises India FY10, FY11 GDP estimates

The Indian economy may grow at 7 percent in the current financial year backed by buoyant industry growth combined with an upside in agriculture output, Citigroup said, raising its estimate from 6.2 percent. Citi has also revised its estimate of fall in agriculture output to 1 percent from 4 percent, helped by a higher share of commodities other than crops in the agri-GDP. Continue reading Citigroup raises India FY10, FY11 GDP estimates