Sept qtr GDP growth seen not better than June qtr: Ahluwalia
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Sept qtr GDP growth seen not better than June qtr: Ahluwalia

Last Updated: Thursday, September 08, 2011, 18:59
 
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Sept qtr GDP growth seen not better than June qtr: Ahluwalia
New Delhi: India's September quarter economic growth is not expected to be better than its previous quarterly growth, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said on Thursday.

India's economy grew 7.7 percent in the April-June period, its weakest pace in six quarters, but outperformed even gloomier predictions.

The Reserve Bank of India (RBI) has raised rates 11 times since March 2010 to tame high inflation, but July's headline inflation at 9.22 percent was way above the RBI's comfort zone.

Bureau Report



First Published: Thursday, September 08, 2011, 18:59


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