RBI expects growth of 5-5.5% in Current Fiscal

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RBI expects growth of 5-5.5% in Current Fiscal

#1 Postby Shivani » Sat Oct 05, 2013 9:53 am

RBI said on Friaday that the growth rate for the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports.Mr.Rajan has his hopes lying on expectations of a good kharif crop, improvement in exports and core sector performance data.

In 2012-13 India's growth rate declined to a decade low of 4.4 per cent in the first quarter (April-June) of the current financial year.While RBI is expecting the growth rate to be 5 to 5.5..the Prime Minister's Economic Advisory Council (PMEAC) scaled down its growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent earlier.

The ADB on October 2 lowered its growth projection for India in the current fiscal to 4.7 per cent from an earlier estimate of 6 per cent. It said the country's economy has been under pressure with the recent depreciation in the rupee and capital outflows adding to structural constraints.

So, lets see whose prediction will win..

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