shot-button
Maharashtra Elections 2024 Maharashtra Elections 2024
Home > News > India News > Article > Economy to grow by 65 pc in FY10 PM panel

Economy to grow by 6.5 pc in FY10: PM panel

Updated on: 14 October,2009 12:49 PM IST  | 
PTI |

Indian economy is likely to grow close to 6.5 per cent in the current financial year, Prime Minister Economic Advisery Council chairman C Rangarajan said on Wednesday.

Economy to grow by 6.5 pc in FY10: PM panel

Indian economy is likely to grow close to 6.5 per cent in the current financial year, Prime Minister Economic Advisery 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 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.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK