CMIE revises GDP growth to 5.9 pc for fiscal 2010


The recovery would come on the back of a 6.4 per cent expected growth in the last quarter of fiscal year 2010, Centre for Monitoring Indian Economy (CMIE) said in its latest report on the state of Indian economy. But poor monsoon and insufficient and untimely import to replenish the supply could have an impact on inflation, it said.

CMIE, however, forecast that the GDP growth would fall to 5.9 per cent in the current quarter (July-September) and that the economy will grow only by 4.6 per cent in third quarter fiscal year 2010. “Fiscal 2009-10 is, therefore, likely to end with a growth of 5.9 per cent,” CMIE said.

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