CMIE ups economic growth to 6.5%

  • 11/07/2003

  • Indian Express (New Delhi)

India's stuttering economy is expected to make a good performance this year. A strong rebound in farming after a good monsoon will help the economy grow 6.5 per cent in the year to March 2004, up from 4.3 per cent the previous year, the Centre for Monitoring Indian Economy (CMIE) has forecast. Moreover, India's industrial output rose 5.7 per cent in May, helped by strong consumer demand and buoyant export orders, data released by the Central Statistical Organisation (CSO) of the Government showed.