Prospects of exports should improve further: RBI

India Infoline News Service | Mumbai |

Easing of domestic supply bottlenecks and progress in the implementation of stalled projects should brighten the outlook for both manufacturing and services, says RBI.

Contingent upon the desired inflation outcome, the April projection of real GDP growth from 4.7% in 2013-14 to a range of 5 to 6% in 2014-15 is retained with risks evenly balanced around the central estimate of 5.5%.

The outlook for the agricultural sector is contingent upon the timely arrival and spread of the monsoon. Easing of domestic supply bottlenecks and progress in the implementation of stalled projects should brighten the outlook for both manufacturing and services. The resumption of export growth is a positive development and as world trade gathers momentum, the prospects for exports should improve further.
 

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