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RBI expects 5-5.5% growth in current fiscal

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

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%

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

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

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

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

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.