Economy / India
Macroeconomic Forecast India
March 2006 | Macroeconomic ForecastsIndia's economy grew 7.6% in the final quarter of 2005, keeping growth on track to reach our forecast 7.9% expansion in FY05 (ending March 2006). Inflation is expected to fall in FY05, mostly due to lower fruit and vegetable prices, and we forecast it to average 3.7% this year. However, high global oil prices will continue to raise price pressure, and the Reserve Bank of India will need to hike rates over the year ahead to keep inflation down.
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