RBI, Finmin review global turmoil impact on finance

Posted: Monday, Nov 10, 2008 at 2326 hrs IST
Updated: Monday, Nov 10, 2008 at 2326 hrs IST

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RBI flashes red signal at MLM companies RBI for super regulator in fin mkt RBI may lower growth forecast RBI steps up firefighting

Mumbai, Nov 9: current fiscal in wake of the global financial meltdown.

“My gut feeling is that it (economic growth rate) may come down to seven per cent...we will take another look in January taking into account the data coming in,” said Tendulkar.

In August, PMEAC had forecast a Gross Domestic Product growth forecast of 7.7% in August and it is slated to revise its projection early next year.

At the same time, International Monetary Fund has also lowered India’s economic growth forecast marginally to 7.8% for 2008 and 6.3 for the next year.

—PTI...

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