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India's PM forecasts GDP growth over 6.5 percent this year

published Tue, Aug 14 2012 22:05 GMT
NEW DELHI (Reuters) - Indian Prime Minister Manmohan Singh forecast economic growth of more than 6.5 percent for this fiscal year on Wednesday, a more optimistic take than a recent spate of private projections that saw growth slowing to as low as 5.5 percent. "Last year our GDP grew by 6.5 percent. This year we hope to do a little better," Singh said in his annual Independence Day speech, promising that faster infrastructure development would boost growth. "Recently we have taken new measures to accelerate infrastructure development. ...

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