Monday, September 14, 2009

RBI forecasts 6% rise in GDP

The Reserve Bank of India (RBI), the central bank of India, announced that it forecasts 6% growth in Real Gross Domestic Product (GDP) in the present fiscal, despite the poor monsoon.
RBI declared in its annual report on Thursday that one needs to acknowledge the progress on effective variegation of Indian agriculture towards horticulture, livestock and fisheries and their growing share in total output of the agricultural sector. It also stated that cereals, pulses and oilseeds grown during kharif report for only 20% of total agriculture output.


Ravi yadav

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