In its ‘Economic Outlook for 2009-10’ submitted to Prime Minister Manmohan Singh last Wednesday, the Prime Minister’s Economic Advisory Council (PMEAC) said, that having weathered the financial turbulence well and “Given the variability of the key elements, the Indian economy is likely to grow by about 6.5 percent in 2009-10. It is unlikely that growth will be lower than 6.25 percent but possible that it could reach 6.75 percent. This was possible despite the bad monsoon affecting farm produc ...
