Tag: reserve bank of indias

NEW DELHI: The government on Thursday stuck to its full year economic growth projection of 6.5%, banking on the growth momentum remaining strong and a pick-up in rural demand as well as private investment. Addressing the press conference after the release of GDP data for the June quarter, chief economic adviser V Anantha Nageswaran said inflation is expected to moderate, and deficient rains are unlikely to have a significant bearing on overall growth."There is momentum in economic activity in general, and it is not driven by price-related distortions....