'Indian economy likely to grow by 6.7 pc in 2013-14'

January 27, 2013 11:47

The Indian economy is expected to grow at a rate of 6.7 per cent in 2013-14 on account of expectations of a cut in the key policy rates by the RBI which may have a positive impact on industrial growth and consumption, a Ficci survey today said.

The chamber has revised its growth forecast upwards from 6.5 per cent to 6.7 per cent for the 2013-14 fiscal.

"This improvement is largely based on the expectation of a possible cut in the policy rates which is expected to have a positive impact on industrial growth and consumption," Ficci's Economic Outlook Survey said.

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