Mumbai, Aug 28: The Reserve Bank of India has given a thumbs up to the Indian economy in its annual report for 2002-03. Reviewing the prospects of the Indian economy the central bank said that in the light of an expected strong recovery in agriculture and healthy industrial growth its projection of 6 per cent growth in real GDP may now be "significantly exceeded."

The Reserve Bank has also said that given normal monsoons inflation is expected to remain benign for the rest of the financial year and could well fall below the projected rate of 5.5 per cent.
Current inflation rate is below 4 per cent. Bureau Report