Indian economy to grow by 6.9% in fiscal 2012-13: World Bank

By ANI | ANI – Wed 13 Jun, 2012

New Delhi, June 13 (ANI): In the report titled 'Global Economic Prospect', the World Bank has said that the Indian economy would grow by 6.9 per cent in fiscal 2012-13, notwithstanding policy uncertainties, fiscal deficit and inflation.

The agency said that growth in India in 2011 was weak due to a poor monetary policy, stalled reforms and electricity shortages. These factors, along with fiscal and inflation concerns, cut into investment activity.

According to the report, India's economic growth rate slipped to a nine year low of 6.5 per cent in 2011-12.

The government has pegged growth at 7.6 per cent for the current fiscal. The economy has expanded by 8.4 per cent in the preceding two years. (ANI)

Autos »

  • Ford Ecosport: A closer look

    Ford Ecosport: A closer look

    Thu 16 May, 2013
    Ford Ecosport: A closer look
  • Hyosung GV650 Aquila Pro

    Hyosung GV650 Aquila Pro

    Wed 15 May, 2013
    Hyosung GV650 Aquila Pro

    Cruiser motorcycles might not be very popular in India, but there is still a segment of buyers who prefer to buy these body style of bikes. While there is little option at the lower end of the segment, at high price brackets there are quite a few alternatives. Earlier this year, DSK Motowheels launched the Hyosung GV650 Aquila Pro, which offers quite a lot to the cruiser enthusiast. Priced at Rs. 5.46 lakhs (Mumbai), the GV650 is significant value.

  • India's top 10 best selling SUVs

    India's top 10 best selling SUVs

    Wed 15 May, 2013
    India's top 10 best selling SUVs

    SUVs have become the most favoured body style in the world. So which are the hottest SUVs available in India?

Flashback 2012 »

  • Narendra Modi

    Narendra Modi

    Yahoo! India News - Fri 23 Nov, 2012
    Narendra Modi

    From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention.

  • Arvind Kejriwal

    Yahoo! India News - Fri 23 Nov, 2012

    From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention.

  • Malala Yousafzai

    Malala Yousafzai

    Yahoo! India News - Fri 23 Nov, 2012
    Malala Yousafzai

    From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention.

Most Popular »

  • NRI teen invents 30-second phone charger

    Indian-American teen invents gadget that can charge phone in 30 seconds

  • Manmohan vs Sonia: Policitical ambitions clash
    Manmohan vs Sonia: Policitical ambitions clash

    After nine years in Government, the political ambitions of Manmohan and Sonia are at clash point. The trust deficit is widening. With the Lok Sabha elections fast approaching, both sides are positioning themselves-Manmohan for a dignified exit, if not a third term, and Sonia for a clean slate for son Rahul Gandhi. Manmohan and Sonia are locked in an uncomfortable embrace. The tensions are bound to simmer even if the endgame unfolds months later. Unfortunately, the Congress can no longer blame

  • Prof held for 'begging' says he had sought permission

    India, May 20 -- Two days after a 53-year-old professor was arrested and charged for begging on suburban trains, the Railway Protection Force (RPF) said that Sandeep Desai should have sought their permission before starting to collect money, which he uses for setting up education institutes. Desai, however, claimed that he had already given an application to the Railway administration in 2010."Before I started making rounds in the local trains for the charity, I had given a written application

  • Sahara pulls out of IPL, not to renew BCCI sponsorship

    New Delhi, May 21 (IANS) Pune Warriors India, owned by Sahara India Pariwar, pulled out of the already scandal-hit Indian Premier League (IPL) Tuesday and announced that they will not renew their sponsorship of the Indian cricket team after the present contract expires in December 2013.

  • Narendra Modi to meet BJP board today

    India, May 21 -- Gujarat chief minister Narendra Modi will attend his first meeting of BJP's parliamentary board on Tuesday, which follows party chief Rajnath Singh's decision to handover Uttar Pradesh affairs to his close confidant Amit Shah to prepare for the Lok Sabha polls.Singh called the board, which is BJP's supreme body, to review the political situation and the party's preparations for the elections.A day after his decision, Singh also appeared defending Shah's appointment, saying

  • 1993 Mumbai blasts convict Zaibunissa surrenders

    Mumbai, May 20 (IANS) Zaibunissa Kazi, a convict in the March 1993 serial blasts case, surrendered in Mumbai court Monday afternoon, three days after a judge issued a non-bailable arrest warrant against her.

  • Vindu Dara Singh nabbed for IPL scam links

    Mumbai, May 21 (IANS) A Mumbai magistrate Tuesday sent Bollywood actor Vindu Dara Singh, who was arrested earlier Tuesday for suspected links in the spot-fixing scam in the ongoing IPL tournament, to police custody till May 24.

More »

Related Videos

Loading...