New Delhi: As per the recent estimates outlined by the National Council of Applied Economic Research (NCAER), the Indian economy is likely to register a growth index of 6.2% in the current fiscal. “India’s GDP growth rate in 2013-14 is estimated at 6.2%,” stated the body in its recent report titled ‘Quarterly Review of the Economy’.
The outlined growth index remains at a higher level against the figure casted by the country’s apex banking body – Reserve Bank of India. RBI had earlier crafted the country’s fiscal projection at 5.7%.
Further, NCAER expects India’s fiscal deficit for the current financial year to remain at around 5% and has also forecasted the current headline average inflation at 5.9%.
EPC World News Bureau
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