CMIE raises GDP growth to 6.7% for this fiscal

Last Updated: Monday, December 14, 2009 - 15:49

Mumbai: The Centre for Monitoring Indian
Economy has revised its GDP growth forecast for the current
fiscal to 6.7 per cent from 6.2 per cent announced last month.

The upward revision comes on the back of lower-than-
expected damage to smaller crops due to drought and floods and
a robust industrial growth in September, The Centre for
Monitoring Indian Economy (CMIE) said in its latest report.

"Real GDP growth for 2009-10 is revised upwards to 6.7
per cent from a 6.2 per cent growth projected in the previous
month (November)," the report said.
Further, the industrial growth is expected to continue to
remain healthy in the remaining months of the fiscal, CMIE
said.
The real GDP in the first-half of the fiscal was
better-than-expected at seven per cent against 5.8 per cent
registered during second half of the last financial

PTI



First Published: Monday, December 14, 2009 - 15:49
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