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India economy projected to grow by 6.2% in FY14: NCAER

The Indian economy is likely to grow by 6.2 per cent in the current financial year, economic think-tank National Council of Applied Economic Research said today.

business Updated: May 08, 2013 02:33 IST

The Indian economy is likely to grow by 6.2% in the current financial year, economic think-tank National Council of Applied Economic Research said today.

"India's GDP growth rate in 2013-14 is projected at 6.2%," National Council of Applied Economic Research (NCAER) said in its report 'Quarterly Review of the Economy'.

NCAER's GDP growth projection for the current fiscal is significantly higher than Reserve Bank of India's GDP growth projection.

The RBI in its annual monetary policy review for 2013-14 last week had projected GDP growth rate of the country for the current fiscal at 5.7 per cent.

NCAER expects India's fiscal deficit for the current fiscal to be at around 5 per cent.

it also pegs headline average inflation for 2013-14 at 5.9 per cent.