October 7, 2009 / 7:03 AM / 8 years ago

India drought impact less than first thought-govt

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MUMBAI, Oct 7 (Reuters) - The impact of a drought on India's farm sector will not be as bad as had been expected, and the broader economy is seen growing at more than 7 percent in 2010/11, the deputy chairman of the Planning Commission said.

"Impact of drought is less negative than thought earlier," Montek Singh Ahluwalia told reporters on Wednesday.

He said the commission now expected a 1 percent decline in agriculture during 2009/10, smaller than an earlier forecast of a 2.5 percent decline.

The central bank expects the economy to grow at around 6 percent this year, slowing from 6.7 percent in 2008/09. (Reporting by Jeanette Rodrigues; Editing by John Mair)

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