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Growth in forefront despite consumption slowdown: Deepak Parekh, HDFC

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Talking about economy, Deepak Parekh said given the global slowdown, our growth rate is still better. "Yes, we are facing short-term challenges, particularly on consumption growth, but these appear to be cyclical and not a deep-rooted malaise." He further said there is no other major economy that currently has the capacity to absorb the scale of investments that India needs or has the growth potential that we have.

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