'Growth rate to improve in H2 FY '13'

The government is doing a lot to push growth but the impact of its efforts will be felt in the second half of the fiscal when the expansion rate will show some improvement, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Thursday.

"We are doing a lot. The impact will be felt in the second half. Our expectations are that in the second half of the current year the growth rate will improve," Ahluwalia told PTI on the sidelines of an event here. He was replying to a question whether the government was doing enough to support growth in the economy.

He said as per the projection of the Finance Ministry the growth rate in the second half of the current fiscal may be near about 6 per cent, up from the first half of 5.4 per cent.
"The Finance Ministry has just come up with an estimate for the year as the whole at 5.7 to 5.9 per cent. Well that means that they think in the second half...It will go to may be something like 6 per cent or little about 6 per cent in order to generate the growth," he said.

Liked the story?

  • Happy
  • Amused
  • Sad
  • Frustrated
  • Angry

Thanks for Rating !

Dear Reader,

Welcome to our new site! We would appreciate it if you could send us your feedback about our site to ​ dhfeedback@deccanherald.co.in

Thanks for your support!