\\\'Indian economy expected to grow by 5.5pc in current fiscal\\\'

FE Team | Published: August 09, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

BANGKOK, Aug 8 : India's economy is expected to record stronger growth momentum of 5.5 per cent in the current fiscal, underpinned by "solid expansion" in industrial and services sectors, and impetus to economic reforms by the new government, according to a UN report. In its report, the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) said a fragile global economy has "weighed" on Indian economy in recent years, but "delays" in tackling "structural impediments", such as rising inequality, high inflation and infrastructure shortages have also affected the growth rate. "Indian economy expanded by 4.7 per cent in the fiscal year 2013, up from 4.5 per cent in the previous year. — PTI