Economy to grow at 8.4% over next 5 years: Crisil - Hindustan Times
close_game
close_game

Economy to grow at 8.4% over next 5 years: Crisil

Hindustan Times | By, Mumbai
Jan 04, 2011 08:11 PM IST

Contrary to the government’s projection of double-digit GDP growth over the next few years, rating agency Crisil has projected a growth rate of 8.4% as it sees supply constraints hindering ambitious growth projections. HT reports.

Contrary to the government’s projection of double-digit GDP growth over the next few years, rating agency Crisil has projected a growth rate of 8.4% as it sees supply constraints hindering ambitious growth projections.

HT Image
HT Image

While domestic demand, robust consumption and investment rates are likely to support 8.4% growth over the next five years, there are five supply side issues that need to be addressed, the rating agency said. If that is done, India can be on a sustained 10% growth trajectory.

Hindustan Times - your fastest source for breaking news! Read now.

“The five key issues that need to be addressed to unleash India's growth potential include the quantity and quality of physical infrastructure, skill shortages in its bulging population, faltering agriculture and consequent high food inflation, fiscal inflexibility to spend on health, education and physical infrastructure, and governance deficit,” said Roopa Kudva, managing director and CEO, Crisil.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On