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Montek Singh Ahluwalia, announcing the second stimulus package intended to boost the slowing Indian economy, said there would be no further fiscal stimulus measures in the current fiscal year.
"We should expect, from all the global projections, that the next year is going to be a very difficult year for the global economy," he told reporters.
"We have to keep in mind the need for contra-cyclical fiscal policy and monetary policy will continue into the next financial year also."
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