TITLE

FOLLOWING THE RATE HIKES, CAN INDIA STILL ACHIEVE AT LEAST 8 PER CENT GDP GROWTH?

PUB. DATE
August 2008
SOURCE
Business Today;8/24/2008, Vol. 17 Issue 17, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents opinions regarding the capacity of the Indian economy to achieve eight gross domestic product (GDP) growth. Amit Mitra of FICCI said the rate hikes will definitely have an impact on the economy. R. Kavita Rao of NIPFP says that a growth rate is possible, because rising interest rates are reducing demand for durable goods and housing. R. Venkataraman of India Infoline states that growth will drop to less than eight percent in 2008.
ACCESSION #
33960659

 

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