The International Monetary Fund has said that it is "absolutely normal" for countries like India and China to grow at over eight and nine per cent and experience inflationary pressure.
Plan Commission Deputy Chairman Ahluwalia Wednesday said the next plan would target GDP growth of 9 to 9.5 percent in the next five years.
A rise in global oil prices by USD 10 per barrel would reduce India`s economic growth by 0.2 percentage points and also affect the country`s current account deficit, Goldman Sach said.
Day in Pics: 30th August
August 30, 2014
Famous Ganesh Pandals in Mumbai