New Delhi, June 19, 2014 –
· IIP is expected to have grown by 3.0%-4.0% during May-14
· WPI inflation to remain elevated at 6.0%-6.2% during June-14
· 15-91 day T-Bill yield to average at around 8.4%-8.5% and 10-year G-sec yield at around 8.7%-8.9% during June-14
· Rupee to depreciate and be around 59.70-59.90 per US$ during June-14
According to Dr. Arun Singh- Sr. Economist- Dun & Bradstreet India “ Two consecutive years of significant slowdown along with a host of domestic unresolved issues has placed a burden on the new government. The upcoming Union Budget would broadly reveal how the new government plans to steer the economy out of the current slowdown. Currently, India needs a robust fiscal policy to build the framework for a sustainable growth. We assume reassessing the quality of expenditure should be a priority along with rebalancing the composition of expenditure with the focus shifting more towards capital expenditure” said Dr. Arun Singh Senior Economist Dun & Bradstreet India. Dr. Singh further added that “The fiscal year 2014-15 is expected to start with an optimistic GDP growth of 5.2% in Q1 FY15 as some of the current macroeconomic numbers strengthens hope that the recovery for the Indian economy is underway” he added.
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