Growth to rebound from October: Basu
29 Jun 2012
India's economic growth, which dipped to 9-year low of 6.5 per cent in 2011-12, is expected to rebound from October, says chief economic advisor Kaushik Basu.
Basu told reporters at the 'Statistics Day 2012' meet organised in New Delhi, "We are hopeful that economy is going to bounce back within four - five months," adding that any improvement earlier than that may not be realistic.
He also added that a couple of reforms things would help speed up the recvovery
Basu also said that inflation, which had been hovering at over 7.5 per cent, would also show signs of moderation from September onwards.
His comments come amid hectic activity to spur the economy following Prime Minister Manmohan Singh's taking charge of the finance portfolio after Pranab Mukherjee resigned this week to contest presidential election.
Without specifying the reforms, Basu said that r3eforms had been part of government agenda for the last two - three months.