Indian economy to grow at a higher pace of 6 pc in FY'14: ADB

April 09, 2013 14:10

Multilateral funding agency ADB today said India's growth rate will improve to 6 per cent in the current fiscal on the back of stronger external demand and progress on reforms. Reforms are needed in India to facilitate the turnaround from growth deceleration due to structural bottlenecks, deteriorating investment and a worsening current account deficit, said 'Asian Development Outlook 2013' report.

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