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RBI expects 5-5.5% growth in current fiscal

Last Updated: Friday, October 04, 2013, 19:39

The Reserve Bank on Friday said the economy would grow by 5 to 5.5 percent in the current fiscal, pinning its hopes on good farm output and improved exports.

India likely to improve fiscal situation in 2013: IMF

Last Updated: Tuesday, April 16, 2013, 21:21

At a time when many countries are facing challenges on the fiscal consolidation front, India with its favorable interest rate-growth differential has an advantage in addressing deficit concerns this year, International Monetary Fund (IMF) said Tuesday.

Crisil lowers current fiscal growth forecast to 6%

Last Updated: Monday, April 15, 2013, 18:00

Ratings agency Crisil Monday cut its FY14 growth forecast for India to six percent from the earlier 6.4 percent citing a variety of reasons, including the high lending rates, weaker pick-up in consumption and issues around mining and project clearances.

Growth rate to improve in second half of FY13: Montek

Last Updated: Thursday, December 20, 2012, 14:13

The government is doing a lot to push growth but the impact of its efforts will be felt in the second half of the fiscal when the expansion rate will show some improvement, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Thursday.

Economy to turn around in 2012-13, no fiscal sops: Pranab

Last Updated: Monday, June 11, 2012, 13:36

Ruling out any fiscal incentive to boost the sagging economy, Finance Minister Pranab Mukherjee Monday said the growth rate would see a turnaround in the current fiscal and based his optimism on declining crude prices in international markets and a normal monsoon.

Achieving 7.5% growth in 2012-13 tough task: Montek

Last Updated: Sunday, May 20, 2012, 12:10

Falling rupee and high inflation would make it difficult for India to achieve 7.5 percent economic growth during the current financial year, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.

RBI sees around 7% growth this fiscal

Last Updated: Wednesday, February 22, 2012, 21:11

The Reserve Bank Wednesday said it expects the economic growth in the current financial year to be around seven percent and does not see signs of a "spectacular turn-around" in the coming fiscal as well.

GDP growth would be around 7.2% this fiscal: Pranab

Last Updated: Thursday, January 19, 2012, 21:46

Terming the current fiscal as a "challenging one", Finance Minister Pranab Mukherjee Thursday said the Indian economy's growth rate would be around 7.2 percent this financial year.

India’s current fiscal growth to slow at 6.8%: World Bank

Last Updated: Wednesday, January 18, 2012, 19:43

The World Bank has estimated India's growth for the current fiscal at 6.8 percent, lower than the government projection, as the economy faces headwinds of high interest rates and "heightened" uncertainty of policy reforms.

India's fiscal position worsens; April-Sept deficit at $6.1 bn

Last Updated: Monday, October 31, 2011, 20:32

India's fiscal deficit reached almost 71 percent of its full-year target in the first half of the year, casting doubts over its ability to meet budget goals as federal finances feel the pressure of squeezed revenues and slowing growth.

Economy can do better than 7.6% this fiscal: Montek

Last Updated: Tuesday, October 25, 2011, 22:14

The Planning Commission Tuesday said that the economy could do better than 7.6 percent growth for this fiscal as projected by the Reserve Bank of India in its half yearly monetary policy review.

Morgan Stanley cuts India's FY12 growth forecast to 7.2%

Last Updated: Monday, August 01, 2011, 12:42

US investment bank Morgan Stanley on Monday slashed its growth forecast for India for the current fiscal year as well as next citing rapidly deteriorating near term growth outlook for Asia's third biggest economy.