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The IMF world economic outlook update showed the ASIAN 5 region Indonesia, Malaysia, Philippines, Thailand, and Vietnam growing by 5.7% in 2012, while the Emerging Market and Developing Economies block is forecast to grow 5.1%. Growth in the Developing Asia block was pegged at 6.6% in 2012. Whereas the India growing by 4.5 percent in 2012 which is much less than the other countries economy. As a result country lost the tag of “SECOND FASTEST GROWING ECONOMY”.
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