CMIE raises GDP growth to 6.7% for this fiscal



CMIE raises GDP growth to 6.7% for this fiscal 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