Real GDP may grow at 6.8%

The trinity of improved policy environment, step-up in investments and muted inflation rate would enable India to post a GDP growth rate of 6.8 per cent in CY2013 (calendar year), compared to 5.5 per cent estimated for CY2012, according to a report by business information services firm Dun & Street (D&B), India.

The report says that a bounce back in both industrial activity and services would drive growth in CY2013. While it expects services sector to register a growth of 8.4 per cent in CY2013, up from 7.5 per cent in CY2012E, industrial growth would be 5 per cent (2.8 per cent in CY2012E).

A likely softening of policy rates and improved investor sentiment would also contribute to higher growth in CY2013.

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