PM expects 5% economic growth in 2013/14

Thursday, 9 January 2014 00:00 -     - {{hitsCtrl.values.hits}}

REUTERS: India’s economic growth in the current fiscal year will likely remain flat at 5%, Prime Minister Manmohan Singh said on Wednesday. Singh’s forecast is more optimistic than those of several private economists, who are predicting growth in the year to March 2014 to slip below 5%. Pace of economic expansion in Asia’s third largest economy hit a decade-low of 5% in the last fiscal year.