India to grow at 5.5% in FY13, 6.5% in FY14: DSP BlackRock Mutual Fund Economy
PTI: New Delhi, Jan 27 2013, 10:40 IST
FY 2016. This, we believe could accelerate growth to 7-8 per cent in the medium term," the report said.
Market sentiment turned around remarkably after the government initiated a series of reform measures that were aimed at accelerating economic growth and dispelling the
negative investor sentiment clouding the market and, going forward, the outlook looks bright.
"We think Indian equities offer an attractive investment opportunity today for investors with a 12-24 month investment horizon," the report added.
India had been growing around 8-9 per cent before the global financial meltdown in 2008. The growth rate in 2011-12 slipped to a nine-year low of 6.5 per cent.
According to the official data, the Indian economy grew by 5.3 per cent in the July-September period this year, while in the quarter ended June 30, it had grown by 5.5 per cent.
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