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
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