India to grow at 5.5% in FY13, 6.5% in FY14: DSP BlackRock Mutual Fund Economy

PTI : New Delhi, Sun Jan 27 2013, 10:41 hrs

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negative investor sentiment clouding the market and, going forward, the outlook looks bright.

"We think Indian equities offer an attractive investment opportunity today for investors with a 12-24 month investment horizon," the report added.

India had been growing around 8-9 per cent before the global financial meltdown in 2008. The growth rate in 2011-12 slipped to a nine-year low of 6.5 per cent.

According to the official data, the Indian economy grew by 5.3 per cent in the July-September period this year, while in the quarter ended June 30, it had grown by 5.5 per cent.

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