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Indian economy trends

Indian economy trends

Aparna Dutt Sharma, Chief Executive Officer, IBEF

Jun 03, 2013 3:55 PM

The GDP growth for the India economy has been 5 per cent in 2012-13. This impact of current account deficit, inflationary trends and the fiscal situation are beginning to bear on the Indian economy. The government has been reviewing the macroeconomic trends on a sustained basis and policy action on some account is also evident. The projections for the Indian economy for 2013-14 are, however, placing the growth estimations between 6.0 and 5.3 per cent. With expected speedier clearance of infrastructure projects, steps being taken to boost foreign investment concerns and encouraging savings are amongst key measures, which may help the economy to be on course. Given the sluggish international context, clearly the domestic market assumes primacy for a change in trend.



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