CMIE raises GDP growth forecast to 6.7% for FY10

CMIE raises GDP growth forecast to 6.7% for FY10
The Economic Times, December 15, 2009, Page 9

MUMBAI: The Centre for Monitoring Indian Economy has revised its GDP growth forecast for the current fiscal to 6.7% from 6.2% announced last month. The upward revision comes on the back of lower-than-expected damage to smaller crops due to drought and floods and a robust industrial growth in September, CMIE said in its latest report. “Real GDP growth for 2009-10 is revised upwards to 6.7% from a 6.2% growth projected in the previous month (November),” the report said. Further, the industrial growth is expected to continue to remain healthy in the remaining months of the fiscal, CMIE said.