PM panel pegs GDP at 6.1 per cent

PM panel pegs GDP at 6.1 per cent

C Rangarajan

However, other economists peg the growth rate in the range of 6.2 per cent to 6.6 per cent against a healthy 7.7 per cent in the corresponding period last fiscal. The data for the second quarter GDP growth will be released on Monday by the Central Statistical Organisation.

“The second quarter may reflect to some extent the impact on agriculture. Therefore, the growth rate may not necessarily exceed very much over 6.1 per cent which we saw in the first quarter...I think so, it will be around 6.1 per cent,” PM Economic Advisory Council (PMEAC) Chairman C Rangarajan told PTI.

If this happens, the PMEAC’s projection of 6.5 per cent growth rate in the current fiscal will require the economy to expand by around 7 per cent in the second half of this fiscal. “We forecast 6.5 per cent for the year as a whole... It will have to be around 7 per cent (in the second half),” Rangarajan said.

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