India Signalling Positive Economic Forecasts

By admin • December 8th, 2010

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India’s growth forecast for 2010-2011 has been revised up from 8.2% to 8.6% as a result of strong economic performances and an increase in private consumption, for the first two quarters of the fiscal year. The agriculture, industry and services sectors are also predicted to grow 5%, 8.6& and 9.4%. in addition to private consumption, investment demand, and fiscal and monetary stimulus are expected to aid India’s economic developments.

Inflation in India is also showing positive signs. Increased farm production has not only aided growth but also to lower inflation. Union Finance Minister Pranab Mukherjee said “Inflation is coming down and now it is at the single digit but it can be further reduced”. Mukherjee is hoping that by March, inflation will be around 6% and can come down further.

International Government Affairs and Corporate Relations Consultants for Emerging Markets

 

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