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Page last updated at 14:24 GMT, Wednesday, 28 January 2009

Domestic demand keeping India afloat

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Rahul Bajaj, chairman of car manufacturer Bajaj Auto, has said that the Indian economy has avoided the worst of the downturn so far.

He told the BBC's Tanya Beckett that although Indian banks were fairly buoyant, the withdrawal of credit lines posed a significant problem.

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