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India turns lender from borrower

2012-08-22 6 Dailymotion

Twenty years ago, India had to borrow $6bn from the International Monetary Fund to prop up its economy.<br /><br />Now, however, New Delhi is helping the IMF bailout some of the world's more developed countries.<br /><br />The country's economy is expected to grow by seven per cent in 2012, a percentage low by recent standards but higher than most around a recession hit world.<br /><br />Al Jazeera's Sohail Rahman reports from Gujarat in western India.

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