Mid-year review sees slowdown in growth

Preparing the country for a lower growth of around seven per cent in current fiscal due to the global crisis, the Mid-Year Review of the economy today said the decline in commodity prices will help bring down the inflation to "normal levels" by March 2009. "We should be prepared for growth in 2008-09 as a whole to be around seven per cent" because the crisis in industrialised countries is bound to have impact on the world economy, the review tabled in Parliament said.