Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Indian economy likely to grow at 6.5 to 7%: official
+ -
16:32, August 04, 2009

 Related News
 Indian state bank employees to go on strike for wage hike
 Indian exporters face non-tariff barriers in EU trade
 Ailing private airlines of India seek government bailout
 Comment  Tell A Friend
 Print Format  Save Article
The Indian Planning Commission is expecting the economic growth rate to marginally move up to 7 percent in the current fiscal year despite the monsoon casting its shadow on agricultural output, said an official on Tuesday.

"I think economic growth during 2009-10 should be between 6.5 percent and 7 percent and it will be quite a good outcome," Planning Commission Deputy Chairman Montek Singh Ahuwalia told reporters here.

Noting that the recent pick-up in the industrial sector will have positive implications for growth in the current fiscal, he said, "On the agriculture side, the news is less good than what we hoped."

"There is still deficiency in different parts of the country. It is too early to tell its effect on the country as a whole. But of course individual states can have problems," Ahluwalia said replying to questions on the impact of the bad monsoon on farm sector growth.

Noting that growth projections of various think tanks vary between 6.7 and 7 percent, while some indicating more than 7 percent economic expansion, he said that this would not be bad under current circumstances.

Having grown by over 9 percent in three consecutive years, economic growth slipped to 6.7 percent during 2008-09 fiscal year, mainly on account of the impact of the global financial crisis on the country.

Source:Xinhua



  Your Message:   Most Commented:
Unveiled Rebiya Kadeer: a Uighur Dalai Lama
80 pct of netizens agree China should punish Facebook
LA police: Michael Jackson death may have been 'homicide'
Chinese netizens call for punishing Turkey
Al-Qaida threatens Chinese abroad

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90863/6718527.pdf