(MENAFN- Qatar News Agency) Mbai may 12 (qna) - india would achieve 7 to 8% growth with the right policies reserve bank of india governor raghuram rajan has said.
"once inflation is brought down to a manageable level it would be possible for the central bank to address and deal with other problems and look at growth" said rajan told a symposium at st gallen switzerland.
india's economic growth rate was 4.9% in 2013-14 marginally higher from the 4.5% in 2012-13. in the current fiscal the country's growth rate is expected to be around 5.5%.
in mumbai the 30-share index which had posted biggest single-day gain of 650.19 points last friday since september 2013 rallied by another 338.67 points or 1.47% to trade at fresh record high of 23420 points at 12.48pm ist on monday the first working day of the week here as fund investors indulged in creating positions ahead of the exit poll results amid a firming trend in the asian markets.
all the sectorial indices were trading in the positive territory with gains of up to 2.70%. (qna)
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