1st Quarter Growth Projected at 6.5-7%

The Indian economy is expected to grow at the rate of 6.5-7% despite many headwinds and geopolitical turbulence, predict economists.

- Pushpita Dey @ New Delhi

Economists believe that rural demand and government capital expenditure will help keep the economic growth at over 6.5%. The Reserve Bank of India (RBI) had projected the growth to be 6.5% during the quarter.

The State Bank of India projected the economic growth to be at 7%, while ICRA projected 6.7%, IDFC First Bank estimated 6.9%, while Bank of Baroda estimated the growth to remain between 6.4-6.5%.