India poised for turnaround in growth by next quarter: Montek

India is poised for a turnaround in economic growth in the July-September quarter, deputy chairman of Planning Commission, Montek Singh Ahluwalia, said on Friday.

Ahluwalia, speaking to reporters on sidelines of a conference in Mumbai, also said he expects India to grow 6.5-7.0% in the 2012/13 fiscal year that started in April.

The country’s economy grew 5.3 percent  in the March quarter, its lowest level in nine years.

(curtsey : first post)

Rupesh Yatesh Dalal
Head Research Department

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