GDP growth likely to be less than 6 5% in 2012 13

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GDP growth likely to be less than 6 5% in 2012 13 News video.

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    India's GDP or gross domestic product grew 5 per cent in the quarter ended June 30, government data showed on Friday, marking the slowest pace of expansion recorded since March 2013. The country's GDP growth was sharply lower than economists' estimates. Economists in a poll by news agency Reuters had expected the GDP growth at 5.7 per cent in the first quarter of the current financial year. #GDPData #EconomyGoneBJPmaun #GDP

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    Most important cues for the market going ahead would be the fiscal numbers, said Devang Shah - deputy head- fixed income - Axis Mutual Fund. He believes that there can be around 0.3 per cent - 0.5 per cent fiscal slippage . He was of the view that all the measures by government and RBI should start benefiting growth. Shah believes economic growth in the second half would be significantly better than that in the first half.

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