GDP Growth To Moderate To 7-7.5% In 2011-12 : Montek

Attributing the decline in second quarter GDP to slowdown in investment, the Plan panel today said the economy would rebound during January-March but the growth rate this fiscal would be 7-7.5 per cent.

“My expectation is that it (GDP growth) may end up being about the same in third quarter (October-December) and perhaps in the fourth quarter it will improve. The growth rate is going to be between 7-7.5 per cent this fiscal”, Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters here.


From: http://ping.fm/Q2SYH