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The Indian economy suffered $1.6 billion in illicit financial outflows in 2010, capping-off a decade in which it experienced black money losses of $123 billion.

 
 
The Mid-Year Economic Analysis tabled in Parliament says "both fiscal and monetary policy would need to be supportive to sustain investor confidence".
India is not a candidate for downgrade by global rating agencies particularly after the recent economic reforms, World Bank chief economist Kaushik Basu says.
 
 
The rupee on Tuesday erased initial gains to closed flat at 54.85 against the US dollar amid RBI keeping key rates unchanged in the mid-quarter policy review.
Prime Minister Manmohan Singh says the global economy is passing through turbulent times and "excessive pessimism" at home has hurt the country's growth process.
Food inflation, as a category, rose to 8.5 per cent during the month, from 8.32 per cent a year ago. Food articles have 14.3 per cent share in the WPI basket.
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