» Business » Economy to grow by 6.5%: PM panel

Economy to grow by 6.5%: PM panel

Source: PTI
October 14, 2009 11:35 IST
Get Rediff News in your Inbox:

Indian flagIndian economy is likely to grow close to 6.5 per cent in the current financial year, prime minister economic advisory council chairman C Rangarajan said on Wednesday.

"My own estimate is that economy would grow between 6 and 6.5 per cent and perhaps it would be closer to the upper end of my range," he said while addressing a seminar on the macro economy here.

He said that the overall growth in the manufacturing sector would be around 8 per cent and that of services sector would be more or less same to the last year's.

The Reserve Bank of India has forecast the economy to grow by 6 per cent with an upward bias.

On inflation, Rangarajan said prices would began to rise from now onwards to reach to close to 6 per cent mark by the end of this fiscal.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2021 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Moneywiz Live!