Advertisement

HindustanTimes Wed,30 Jul 2014

Rangarajan says 5.2% growth in Q4 achievable

Reuters  New Delhi , March 14, 2014
First Published: 11:02 IST(14/3/2014) | Last Updated: 11:07 IST(14/3/2014)

The economy can grow an annual 5.2% in the quarter to end-March on higher farm output growth, the chairman of the prime minister's economic advisory council said on Friday.

Advertisement

C Rangarajan also said he expects the economic growth to pick up to 5.5-6% in the fiscal year that begins on April 1.

Contracting industrial output and an investment slowdown dragged India's economic growth to a worse-than-expected 4.7% in the three months to December, making it tougher for the economy to hit the government's growth forecast of 4.9% in the fiscal year that ends in March.


Advertisement
more from Business

Take that Flipkart: Amazon to invest $2 billion more in India

Amazon.com Inc will invest an added $2 billion in India as the e-commerce giant ramps up business in the country, the company said on Wednesday, a day after local rival Flipkart announced a fresh round of funding worth $1 billion.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved