Prime Minister's key economic adviser C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures including further liberalisation of FDI norms to improve economic condition.
"Economy will grow at 5.3 per cent in 2013-14," Prime Minister's Economic Advisory Council (PMEAC) chairman Rangarajan said while releasing the Economic Outlook for 2013-14.
The PMEAC had in April projected 6.4 per cent growth for Indian economy for current financial year. The GDP grew by 5 per cent in 2012-13. RBI too had earlier lowered its growth projection for this fiscal to 5.5 per cent from 5.7 per cent.
No comments:
Post a Comment