Economic growth to cross 5 pc this financial year: PM

Posted on Feb 14 2014 - 11:46pm by IBC News

New Delhi, Feb 14 Pinning hopes on the good monsoon and recent reforms, Prime Minister Manmohan Singh today said economic growth will cross 5 per cent in the current financial year and accelerate further in the coming years.

Addressing the Governors’ Conference here, Singh said the Indian economy, after many years of rapid growth, has slowed down in the past two years.

Inflation, weakening of the rupee and other domestic and external factors contributed to this state of affairs, he said.

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