CMIE pegs GDP growth tad down at 6%
Agencies: Mumbai, Nov 16 2012, 20:39 IST
the forecast for GDP in FY13, the perception that the prospects have improved has not diluted.
The CMIE has also revised downward its estimate for agriculture production to 1.3 per cent from 1.6 per cent earlier, with mining and quarrying sector growth slipping to 2 per cent from the earlier forecast of 2.6 per cent.
Similarly, the manufacturing sector growth has also been pegged down to 2.8 per cent from 3 per cent.
"We have also revised our forecast for the construction sector sharply to 5.7 per cent as against earlier projection of 7.2 percent," CMIE said.
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