India’s GDP likely to be around 5%: DBS

October 16, 2013 05:19 pm | Updated May 28, 2016 05:29 am IST - New Delhi

The Indian economy is expected to grow at around 5 per cent in the current financial year and the slowdown is likely to continue for some time, according to DBS India.

The country’s economic growth slowed to 5 per cent during the last financial year that ended on March 31, from an average of 8 per cent over the past decade.

“We have lowered the GDP growth projection quite significantly. It is probably going to be between 3.8 and 5 per cent. I think it would be closer to five,” DBS India GM and CEO Sanjiv Bhasin said.

He said it is difficult to predict as to how long the slowdown is going to continue.

The Finance Ministry believes that India’s economic growth would be over 5 per cent.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.