Economic Survey: GDP growth seen at 6.1-6.7% in FY14
Economic Survey: GDP growth seen at 6.1-6.7% in FY14
The forecast comes against the backdrop of a deceleration in growth in the previous two fiscals. Indian economy is estimated to grow around 5 per cent in 2012-13.
BT Online Bureau
- Feb 27, 2013,
- Updated Feb 27, 2013 3:24 PM IST
Economic Survey for 2013-14 has projected a 6.1-6.7 per cent growth for the next fiscal, suggesting that the economic slowdown may have bottomed out. Indian economy is likely to growth around 5 per cent this year. The survey also sees the inflation falling to 6.2-6.6 per cent in FY14.The Economic Survey, which has been authored by Chief Economic Advisor Raghuram Rajan, was tabled in Parliament by Finance Minister P. Chidambaram on Wednesday, a day ahead of the presentation of the Union Budget for 2013-14.The survey called for more steps to accelerate reforms to boost economic growth. "The slowdown is a wake-up call for increasing the pace of actions and reforms," said the survey.
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Economic Survey for 2013-14 has projected a 6.1-6.7 per cent growth for the next fiscal, suggesting that the economic slowdown may have bottomed out. Indian economy is likely to growth around 5 per cent this year. The survey also sees the inflation falling to 6.2-6.6 per cent in FY14.The Economic Survey, which has been authored by Chief Economic Advisor Raghuram Rajan, was tabled in Parliament by Finance Minister P. Chidambaram on Wednesday, a day ahead of the presentation of the Union Budget for 2013-14.The survey called for more steps to accelerate reforms to boost economic growth. "The slowdown is a wake-up call for increasing the pace of actions and reforms," said the survey.
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