CMIE revises GDP growth forecast to 6.2 per cent


The upward revision in the GDP projection comes on the back of a better performance of the country’s economy in HI of the current fiscal (fiscal year 2010), the economic think-tank said in its latest report.

“The Indian economy’s performance during the first-half of 2009-10 has turned out much better than our expectations. This warrants an upward revision in our real GDP growth for the second consecutive month. The revision this time is from six per cent to 6.2 per cent,” it said.

CMIE, last month, raised the GDP growth forecast to six per cent from 5.8 per cent announced in September.

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