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BS Web Team New Delhi
India faces slowing growth but low risk of stagflation: Finance Ministry

The Finance Ministry said on Monday that while India faces a lower risk of stagflation than other nations, there is now an upside risk to gross budget deficit due to additional welfare and subsidy spending and recent cuts in excise duties, and the economy faces slowing growth due to global factors.

First Published: Jun 20 2022 | 5:18 PM IST

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