02 May 2011

FY12 growth to be good

On the eve of its annual Credit Policy, the Reserve Bank of India has released its macroeconomic report.

In its report, the central bank has said that the macroeconomic outlook for fiscal year 2012 remains favourable aided by predicted normal monsoon, demand conditions and positive lead indicators for services. "GDP growth during 2010-11 reverted to its recent trend, aided by a rebound in agricultural growth. Fore more Read full story

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