India to grow at 6.4% in 2013: UN

Indian economy is likely to grow at 6.4 per cent rate in 2013,outpacing the 6 per cent expansion in developing Asia-Pacific economies in the same period,a United Nations report today said.

“India is expected to recover from its relatively low 5 per cent growth in 2012 to 6.4 per cent in 2013…Economic growth in the developing countries of Asia and the Pacific is projected to inch up to 6 per cent in 2013,” United Nations’ Economic and Social Survey of Asia and the Pacific 2013 said.

Unveiling the report here,Prime Minister’s Economic Advisory Council Chairman C Rangarajan said: “India’s economic growth in 2013-14 will be better than 2012-13,but will be lower than the pre-crisis level. We need to organise ourselves to go back to pre-crisis level of growth rate.”

According to IMF,Indian economy is projected to grow by 5.7 per cent in 2013 calendar year.