Govt Cuts GDP Growth Outlook To 5.3%
  • Elizabeth George
  • Sep 13 2013

September 13: Despite positive July IIP data yesterday, the overall macro picture remains gloomy. The Prime Minister's Economic Advisory Council slashed its FY14 growth forecast to 5.3% from an earlier projection of 6.4%. In a press conference today, PMEAC Chairman C. Ranagrajan says government measures will push growth in the second half, while good farm growth will boost growth and curb food prices. Listen in to what he has to say about growth, policies and the rupee.