Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

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India to grow 6.5 percent in 2013: Goldman Sachs

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A Kashmiri village woman walks over marshy land while wearing wooden boards on her feet, to collect water chestnuts from the waters of Wular Lake at Bandipora, about 65 km (40 miles) north of Srinagar, November 5, 2012. REUTERS/Danish Ismail

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Credit: Reuters/Danish Ismail

MUMBAI | Thu Nov 29, 2012 11:23am IST

MUMBAI (Reuters) - India's economic growth is likely to accelerate to 6.5 percent in 2013 backed by favourable external sector demand outlook and a pick-up in domestic reforms, Goldman Sachs said in a report on Thursday.

The Indian economy is likely to grow at 7.2 percent in 2014, compared with 5.4 percent in 2012, the report said.

According to a Reuters poll, India's economy expanded near its slowest pace in three years in the quarter to September at 5.4 percent.

(Reporting by Neha Dasgupta; Editing by Gopakumar Warrier)
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