GDP growth to moderate to 7.5-8% this fiscal
The Prime Minister's Economic Advisory Council on Wednesday said India's economic growth could moderate to 7.5-8 per cent this fiscal and saw no change in RBI's tight monetary stance till inflation cools down. "There are certain factors, both domestic and external, which may add to the slowdown of growth rate, but we still think that the growth rate could be 7.5 to 8 per cent," said Chairman C Rangarajan.
