Indian economy's growth slashed to 5.6% in 2012-13 by NCAER

Indian economy

The NCAER report said that the positive impact of government efforts to improve business sentiments that began in September may be realised in the third and fourth quarter where the GDP growth rate is expected to improve.

India has registered just 5.4 per cent GDP growth in the first half of 2012-13. In order to achieve the GDP growth rate of more than 5.5 per cent in 2012-13, the economy should expand at least 5.8 per cent in the second half of the year, the report added.

It also estimated upward revision in WPI based inflation.

"The year-on-year increase of WPI prices has been revised upward due to increase in domestic oil prices. We estimate 7.7 per cent WPI inflation for the current fiscal," it said.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.