India faces a problem of aplenty which is unlikely to get mitigated anytime soon given the current depressed economic situation. This brings with it the grave risk of ruining country’s tryst with the manufacturing story.
A day after the Prime Minister`s
Economic Advisory Council said that India`s GDP may grow by
6.75 percent in the current fiscal, global financial major
Citi on Thursday maintained its forecast at 5.8 percent.
Revising upwards its forecast on India`s GDP growth to 6.2 per cent from the earlier 4.9 per cent, Credit Suisse on Tuesday said the Reserve Bank of India may start increasing interestrates from the first quarter of 2010.