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Economy is going through cyclical overheating: Rangarajan
Thursday, June 07, 2007 www.ptinews.com
(
Finance
)
Prime Minister's Economic Advisory Council chairman C Rangarajan today said the economy was witnessing "cyclical overheating" but expected inflation to soften in coming months with good monsoon this year. He described cyclical overheating as one that occurs when the existing capacity was fully utilised and the demand was still increasing.
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Cyclical-Overheating
Inflation
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