In India's ‘Review of the Economy 2012-13' brought out by the nation's Economic Advisory Council to the Prime Minister, it is projected that the country would grow at the rate of 6.4% in 2013-14.
Growth and, more particularly, industrial growth has slowed. But the decline appears to have bottomed out, report noted. The projected growth exceeds 5% growth registered last year.
In expectation of normal or mostly normal monsoon, the farm sector growth is likely to improve and is projected to grow at 3.5% in 2013-14.
Industrial growth is projected at 4.9% in 2013-14 even as manufacturing sector is projected to grow at 4% in 2013-14. Meanwhile, the service sector is expected to grow at 7.7% in 2013-14.
Global growth although projected to pick up in 2013 would continue to remain at modest levels. “In such a scenario India’s projected growth rate of 6.4% is relatively high and respectable.
Growth and, more particularly, industrial growth has slowed. But the decline appears to have bottomed out, report noted. The projected growth exceeds 5% growth registered last year.
In expectation of normal or mostly normal monsoon, the farm sector growth is likely to improve and is projected to grow at 3.5% in 2013-14.
Industrial growth is projected at 4.9% in 2013-14 even as manufacturing sector is projected to grow at 4% in 2013-14. Meanwhile, the service sector is expected to grow at 7.7% in 2013-14.
Global growth although projected to pick up in 2013 would continue to remain at modest levels. “In such a scenario India’s projected growth rate of 6.4% is relatively high and respectable.
