Prime Minister’s Economic Advisory Council(PMEAC) forecasts a better growth number compared to different rating agencies. “Economy will grow at 6.7 per cent in 2012-13,” PMEAC Chairman C. Rangarajan said while releasing ‘The Economic Outlook for 2012-13’. Reserve Bank of India (RBI)'s growth target now stands at 6.5 per cent from 7.3 per cent estimated earlier.
This comes when other rating agencies like Crisil and Moody’s projecting a growth rate of 5.5 per cent.
PMEAC Chairman suggested the government should allow FDI in more sectors to improve the economy.
This comes when other rating agencies like Crisil and Moody’s projecting a growth rate of 5.5 per cent.
PMEAC Chairman suggested the government should allow FDI in more sectors to improve the economy.
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