Tuesday, Jul 29, 2014Tuesday, Jul 29, 2014
News
 

India expects economic growth to remain flat at 5%

Published on Jan 8, 2014 2:31 PM
 

NEW DELHI (REUTERS) - India's economic growth in the current fiscal year will likely remain flat at 5 per cent, Prime Minister Manmohan Singh said on Wednesday.

Dr Singh's forecast is more optimistic than those of several private economists, who are predicting growth in the year to March 2014 to slip below 5 per cent.

Pace of economic expansion in Asia's third largest economy hit a decade-low of 5 per cent in the last fiscal year.