period a year ago.
Meanwhile, the government today lowered the economic growth projection for the current financial year, 2012-13, to 5.7-5.9 per cent, from 7.6 per cent estimated earlier. However, in the Mid-Year Economic Analysis 2012-13 tabled in Parliament, it has pitched for supportive monetary and fiscal policies to improve investor confidence.
The government said India would have to record a growth rate of 6 per cent in second half of this fiscal to reach the desired growth rate. It grew by 5.4 per cent in the first half.