Indian economy to grow between 5-6 per cent in 2015: Report
A report titled ‘2015 Outlook-Global Credit Conditions’ said: “India will have stronger GDP growth in 2015, which we forecast at 5-6 per cent, up from around 5 per cent in 2014.”
As per estimates, economic growth in the current fiscal ending March 2015 would be between 5.4 and 5.9 percent.
Sources said the growth had slumped to sub-5 percent in the earlier two consecutive fiscals.
It further pointed out that the country has benefited from a strong domestic demand base and diversified export markets.
“Employment and consumption are likely to rise in India, and the fall in global commodity prices will help to lower high inflation in the country,” the report said.
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