GDP growth for '07 to be 9%: Rangarajan

Posted: Wednesday, Sep 12, 2007 at 0000 hrs IST
Updated: Wednesday, Sep 12, 2007 at 1500 hrs IST

Font Size

Feedback

Discuss

GDP growth may moderate to 8.7 pc RBI keeps key interest rates unchanged 'India optimistic about IPI gas pipeline'India will continue its dynamic growth in ‘08: UN

Mumbai, September 12:: The country's GDP growth rate for the year would be about nine per cent, a top government official said on Wednesday.

"For the year as a whole, the growth rate would be maintained...there could be some special features...I have not yet analysed it. But overall the growth rate of the economy during the year will be about nine per cent," C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister said in Mumbai.

On interest rate cut by Reserve Bank in the light of softening inflation, Rangarajan said the monetary policy had played a role in keeping price level well anchored but price trends have to be well established before reducing interest rates.

"It is good that the year-on-year inflation is below four per cent but we also need to watch how the prices behave during the year and therefore monetary policy changes have to come after a clear trend has been well established," he said.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.