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Dec 12, 2012
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Decline in WPI must for RBI to cut rates: C Rangarajan, PMEAC
We had expected that the performance of the industrial sector in the second half will definitely be better. It turns out in the first half there was low growth in the manufacturing sector. Therefore, I expect that the growth rate in the second half of the year will be around 7%. For the year as a whole, we can get something like 3.5%. While 8.2% may not be maintained in the subsequent months, I do expect the growth rate in the region of 7%.
Source -
http://economictimes.indiatimes.com
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