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

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 percent.



New Delhi: The Indian economy is likely to grow by 6.2 percent in the current financial year, economic think-tank National Council of Applied Economic Research said on Tuesday.

"India's GDP growth rate in 2013-14 is projected at 6.2 percent," 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 percent.

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

It also pegs headline average inflation for 2013-14 at 5.9 percent.

PTI

From Zee News

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