Friday, August 23, 2013

Good monsoon will help growth, RBI says in annual report

The Reserve Bank of India (RBI) on Thursday said growth prospects are looking better for the Indian economy in the current fiscal year on a good monsoon and steps by the government to revive domestic investment. It is also important to reduce high consumer prices to revive demand, said RBI, in its annual report, released on Thursday. It added that monsoon rainfall this year bodes well for both the kharif and rabi crops, and power generation..........

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