National Council of Applied Economic Research (NCAER) has projected a 5.1-5.5 per cent economic growth in 2014-15 for India. It also forecast a 6.1 per cent inflation based on wholesale prices in the current fiscal. The fiscal deficit is estimated at 4.5 per cent of GDP. “GDP growth rate for 2014-15 is projected at 5.1-5.5 per cent. The higher growth of 5.5 per cent is conditional on pick-up on investment spending,” NCAER

said in a report on Wednesday. — PTI