India economic growth may accelerate: data

Asia's third-largest economy will probably expand 7.2 percent in the year ending March 31 from a year earlier after growing 6.7 percent in the previous 12 months, the Central Statistical Organisation said in a statement in New Delhi Monday. Mukherjee is under pressure from the central bank to raise taxes in the budget on Feb. 26 to check inflation in the world's fastest-growing major economy after China. Companies including refrigerator maker Videocon Industries Ltd. resist removal of tax support, saying there are “uncertainties” in India's economic recovery.

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