Top economic news of the day

India Infoline News Service | Mumbai |

Foreign direct investment into India grew for the second consecutive month in February this year to US$2.01bn, up 12.29%.

Foreign direct investment into India grew for the second consecutive month in February this year to US$2.01bn, up 12.29%. However, for the April-February period of last fiscal, FDI inflows dipped 0.6% to US$20.76bn, from US$20.89bn during the first 11 months of 2012-13. (BS)

Inflation in India may accelerate due to suppressed electricity and fuel prices and the impact of hailstorms on potato prices, RBI’s technical advisory committee on monetary policy felt before the central bank announced its monetary policy on April 1. (ET)

Strong macro-economic factors are likely to push the economic growth to 5.5% in the current fiscal, finance secretary Arvind Mayaram said. (ET)
 

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