CMIE ups GDP growth to 5.9% for FY 10
  • This Section
  • Latest
  • Web Wrap
Last Updated: Thursday, September 17, 2009, 14:31
Mumbai: Economic think-tank CMIE has upped the economic growth forecast for India this fiscal to 5.9 percent from its earlier projection of 5.8 percent.

The recovery would come on the back of a 6.4 per cent expected growth in the last quarter of FY 10, Centre for Monitoring Indian Economy (CMIE) said in its latest report on the state of Indian economy.

But poor monsoon and insufficient and untimely import to replenish the supply could have an impact on inflation, it said.

CMIE, however, forecast that the GDP growth would fall to 5.9 percent in the current quarter (July-September) and that the economy will grow only by 4.6 percent in Q3 FY 10.

"Fiscal 2009-10 is, therefore, likely to end with a growth of 5.9 percent," CMIE said.

Bureau Report

First Published: Thursday, September 17, 2009, 14:31

comments powered by Disqus