PMEAC's C Rangarajan lowers GDP growth estimate to 5.3 per cent for FY14

Sep 13 2013, 16:43 IST
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Prime Minister's Economic Advisory Council has projected 5.3 per cent growth in 2013-14. Prime Minister's Economic Advisory Council has projected 5.3 per cent growth in 2013-14.
SummaryPanel says CAD to moderate to 3.8 per cent of GDP in 2013-14 from 4.8 per cent a year ago.

should continue till rupee stabilises

* Liberalise FDI norms, resolve tax issues, focus on coal, power sector to promote growth

* Domestic savings rate to increase to 31%, from 30.2% in 2012-13

* Investment rate to decline to 34.7% of GDP from 35%

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