Business
India Forecasts 6.5% Growth
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| The Indian economy is projected to grow at 6.5 percent this fiscal year. The annual report of the prime minister’s Economic Advisory Council projects that capital inflows will rise six-fold to $57.3 billion this fiscal year from $9.1 billion last year and industrial output is will grow 8.2 percent against 3.9 percent last year.
India’s growth dipped to 6.7 percent last year from an average of almost 9 percent during the past five years. |