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)
Trending On Reuters
Govt Bond Market
Prime Minister Narendra Modi sank his finance minister's plans to strip powers from the Reserve Bank of India (RBI) last week, sources told Reuters, evidence of a new-found respect for the bank's governor and a recognition that Modi needs his calming influence on markets. Full Article
Greenpeace faces shutdown after India freezes funds in charity crackdown Full Article