Friday, 13 September 2013

PMEAC lowers growth projection for 2013-14 to 5.3%

India's growth forecast on Friday was lowered to 5.3 percent from 6.4 percent by the Prime Minister's Economic Advisory Council (PMEAC) chairman C Rangarajan. He also listed out measures including liberalisation of FDI norms to improve the current economic condition.

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