Wednesday 1 May 2013

Economic Growth will be 6.1 Percent this year

In the current 2013-14 fiscal year, World bank estimates that India's economic growth to be 6.1 percent. In the past six months preceding the survey, world bank estimated that India's economic growth will be 7 percent. But in Current fiscal year, there is drought in several states of the country. Thus, India's agricultural sector, has been revised to be at the same level of 2 percent.
This in the previous survey 2.7 percent is estimated. India's inflation slowed that the trade deficit has also been reduced. Therefore India's economic growth is likely to improve in long term, Bank said.
This 2012-13 the fiscal year, India's economic growth, the past ten years, a record, 5 per cent more reduction. Meanwhile the International Monetory Fund (IMF) rated that in current 2013 year, India's economic growth will be 5.7 percent. From next year, India's economic growth will be 6.2 per cent IMF Said.

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