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India likely to grow 5.5-6.5 pct in FY13: Rajan

by fwire  Sep 25, 2012 23:46 IST

#India   #markets   #NewsTracker  

NEW DELHI (Reuters) - The economy is likely to grow 5.5-6.5 percent in the current fiscal year ending in March 2013, Raghuram Rajan, India's chief economic adviser, told NDTV Profit television channel on Tuesday.

An 8-9 percent growth rate is still a few years away as slowing investments will lead to a much slower-than-expected growth revival, Rajan said.

(Reporting by Anurag Kotoky, editing by Ross Colvin)