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State of the Economy: Economy to grow by 8.9%: NCAER |
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The National Council for Applied Economic Research (NCAER), Economic think-tank, has forecasted the Indian economy to grow by 8.5 to 8.9% during 2008-09, despite a slowdown in global economic growth and rising commodity prices.
According to the latest quarterly review of the economy by the think-tank, “While the GDP growth in the base case is projected to be 8.5%, in the more comprehensive case, GDP growth is projected at 8.9%.” The short-term prospects are less attractive than a year earli ...
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