INDIA'S GDP POISED TO ACCELERATE TO 5.5 PC IN 2014-15
India's GDP is poised to accelerate to 5.5 percent in 2014-15 on the back of improved
performance in industry and services but it may take some time for the country
to reach its potential growth rate, says an Asian
Development Bank (ADB) report.
Asian Development Bank, ADB, has said India's GDP is
poised to accelerate to 5.5 per cent in 2014-15 on the back of improved
performance in industry and services. While releasing its Outlook 2014 report
today, ADB said that, the recent decline of economic growth in India has eased,
but the economy will not reach its potential until remaining structural
bottlenecks are overcome.
The report said, the growth is expected to rise further to 6.0 per cent in
2015-16 as the recovery in advanced economies will bolster external demand.
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