TOP STORIES

Marina pro-jallikattu protest called off

Chennai: Following the passage of jallikattu bil in Tamilnadu Assembly, protesters called off...... Read More >>

TN Assembly passes jallikattu bill

Chennai: Tamilnadu Assembly has passed jallikattu bill to replace the ordinance issued earlier. ... Read More >>

Around 12,000 cops across city to control situation

Chennai: As pro-Jallikattu protestors failed to agree with the police department's request to end...... Read More >>

Traffic chaos at various Chennai roads

Chennai: Traffic was affected in various parts of the city as the protest by youths at the Marina...... Read More >>

Governor hails mass movement of students

Chennai: The mass movement by lakhs of youths has led to conduct of Jallikattu after the Tamilnadu...... Read More >>

MOST POPULAR

VIDEO

GDP expected to grow by 5.2-5.7 pc in FY15: NCAER

Tuesday, 29 July 2014
PTI

New Delhi : With manufacturing sector showing signs of nascent recovery, economic think tank NCAER expects India's GDP to expand at 5.2-5.7 per cent this fiscal.

"GDP growth rate for 2014-15 is projected at 5.2-5.7 per cent. The higher growth of 5.7 per cent is conditional on pick up of investment spending," National Council of Applied Economic Research (NCAER) said in a statement.

India recorded sub-five per cent in 2012-13 and 2013-14 due to general global slowdown and domestic factors, like high interest rate and stubborn inflation.

The Economic Survey expects the country's economy to expand by 5.4-5.9 per cent this fiscal.

The index of industrial production (IIP), the principal indicator for industrial activity grew by 3.4 per cent and 4.7 per cent in the months of April and May 2014, respectively.

Manufacturing, which accounts for 75 per cent of the index, showed signs of nascent recovery, clocking a growth of 2.5 per cent and 4.8 per cent in April and May respectively as against negative growth in the earlier months.

NCAER further said growth in agriculture sector is likely to be lower in 2014-15 year-on-year due to poor monsoon.

It also expects the fiscal deficit at 4.5 per cent of GDP for 2014-15.

Finance Minister Arun Jaitley while presenting the Budget had said government will retain the fiscal deficit target for 2014-15 at 4.1 per cent of GDP.

NCAER has projected the wholesale price based average inflation rate at 6.4 per cent in the fiscal.


      

Today's E-Paper

Polls

Should police now use force to disperse protesters?