Icra Ex­pects GDP Growth to Rise to 5.5% in FY15

The Economic Times - - Economy -

Do­mes­tic rat­ings agency Icra on Wed­nes­day said GDP growth in 2014-15 may touch 5.5% as man­u­fac­tur­ing and in­vest­ment are ex­pected to see a “muted” pick-up in the sec­ond half. “GDP growth has bot­tomed out in first half of 2014 and we ex­pect a mild im­prove­ment in the pace of growth from 4.6% in 2013-14 to 5-5.5% in 2014-15,” ac­cord­ing to an Icra note. List­ing out pri­or­i­ties for the Naren­dra Modi govern­ment, it said growth rate can pick up to 6% on the back of re­forms.

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