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INDIA'S ECONOMIC GROWTH TO MODERATE TO 5% IN 2009-10: ADB.
NEW DELHI, April 1 Asia Pulse - The Asian Development Bank on Tuesday on Tuesday projected that India's economic growth would slow down to 5 per cent in 2009-10, the fiscal which begins today.
Growth for 2008-09 has been kept at 7.1 per cent with downward risk, said Bruno Carrasco, director, South Asia department, ADB, while releasing the ADB outlook 2009.
Carrasco further said since the scope for further fiscal stimulus is limited, the Reserve Bank of India can consider monetary measures in the backdrop of inflation coming down.
As regards the rate of inflation, he said, "It may turn negative in the coming weeks but there is no possibility of India moving into a deflationary mode".
The Consumer ...
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Source: HighBeam Research, INDIA'S ECONOMIC GROWTH TO MODERATE TO 5% IN 2009-10: ADB.