Indian economy to grow by 6.1% in 2013: UN
New Delhi: Reviewing the prevalent scenario, the United Nations has brought down its growth projections for the Indian economy to 6.1% from 7.2%. The body in its report ‘World Economic Situation and Prospects 2013’ however outlines the 6.1% growth index as a robust progress than the 5.5% expansion attained in 2012.
The body further discloses in its report, “GDP growth in India will accelerate to 6.1% in 2013 and 6.5% in 2014 as a result of stronger growth of exports and capital investment.”Moreover, the body also foresees the accelerated inclination towards tapping India as an investment hub to bring a positive response over monetary policy and improve business confidence.
Briefing upon the growth projections, Nagesh Kumar, Chief Economist of Economic and Social Commission for Asia and Pacific under UN said, “Tightening of the monetary policy is a right tool to control inflation. We are also optimistic that the Reserve Bank of India (RBI) will ease it policy in the coming months.”
EPC News Bureau