India’s economic growth seen improving in H2 of FY12: Kaushik Basu

India’s economic growth seen improving in H2 of FY12: Kaushik Basu

New Delhi: India’s economic growth is expected to substantially improve in the second half of the current fiscal year to March, the chief economic advisor in the finance ministry said on Tuesday, after data showed the economy expanded at its weakest pace in six quarters.

Kaushik Basu also said growth in the quarter through September was unlikely to surprise on the higher side.

India’s economy grew 7.7% in the three months through June, with further sluggishness looming as a spate of interest rate increases, high inflation and weak global conditions take a toll.

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