FY ’12-13 GDP growth seen at 5 pc, lowest in a decade

MNY

Bad news

* Growth estimate lowest since the 4 per cent clocked in 2002-03

* Second half growth likely to be 4.6 per cent, against 5.4 in the first half

* Lower growth projected despite downward revision in GDP for FY' 12

* GDP revision means the fiscal deficit/CAD targets

are at greater risk

* Economists now pare growth projected for FY '14 to under 6 per cent

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