Central bank pegs India's growth at 8-8.5 percent
Facebook Twitter google+ RSS Feed

Central bank pegs India's growth at 8-8.5 percent

Tuesday, 29 April 2008, 07:00 Hrs
Printer Print Email Email
Mumbai: The Reserve Bank of India (RBI) Tuesday projected the country's economic growth in the range of 8-8.5 percent for the current fiscal year and said its estimate was realistic and consistent with global developments.

Announcing the monetary policy for the current fiscal, the apex bank said the growth in aggregate deposits would be around 17 percent or 55 billion, consistent with the projected money supply growth.

It is necessary to moderate monetary expansion and keep it in the range of 16.5-17 percent in the current fiscal so as to ensure financial stability in the period ahead, the bank said.
Source: IANS
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT