Economy | Economy to grow by 7.75%, says Rangarajan

Hyderabad: Indian economy will grow between 7-7.75% during the current financial year despite poor performance of the agriculture sector on account of drought and floods, said chief economic adviser C. Rangarajan.mobAds

add_main_image“The economy will grow between 7 and 7.5% overall but agricultural growth may fall by 1 to 2%,” Rangarajan said. Flagging food inflation as a major concern, he said, “agricultural growth rate should not fall below 4% for food security as 60% of the population are in rural areas.”