Indian economy is likely to grow close to 6.5 pc

Indian economy is likely to grow close to 6.5 per cent in the current financial year, Prime Minister Economic Advisery Council Chairman C Rangarajan said today.

"My own estimate is that economy would grow between 6 and 6.5 per cent and perhaps it would be closer to the upper end of my range," he said while addressing a seminar on the macro economy here.

He said that the overall growth in the manufacturing sector would be around 8 per cent and that of services sector would be more or less same to the last year's.

The Reserve Bank has forecast the economy to grow by 6 per cent with an upward bias.

On inflation, Rangarajan said prices would began to rise from now onwards to reach to close to 6 per cent mark by the end of this fiscal.

source:PTI