Growth Pace to Continue @ whatisindia.com Friday, July 28, 2006 12:06:39 IST

The Reserve Bank of India (RBI) reaffirmed growth forecast of 7.5%-8% citing strong corporate sector growth, continued investment inflow, strong orders, high capacity utilization, good export growth, stabilized inflation, and sufficient liquidity of banks.

	Hot Topics
	Political Failure in War on Terror
	India Signs Nuclear Terrorism Convention
	Digital Record of Bio-Resources
	ASEAN Suspends FTA
	Bangladesh Joins ARF
	Punitive Action Sanctioned on Bangla Border
	Growth Pace to Continue
	India toRaise Pak Trade Curbs at SAARC
	Govt Withdraws Dismissal Move against Venugopal
	Other Stories
	ASEAN Suspends FTA
	Digital Record of Bio-Resources
	Govt Withdraws Dismissal Move against Venugopal
	Growth Pace to Continue
	India Signs Nuclear Terrorism Convention
	India to Raise Pak Trade Curbs at SAARC
	Political Failure in War on Terror
	Punitive Action Sanctioned on Bangla Border

In the Second Quarter Review of Annual Monetary Policy for 2006-07, the RBI said “There are several positive factors in domestic developments during 2006-07” saying that this trend supports “an optimistic near-term outlook for the Indian economy.” In its earlier report, the RBI was concerned with the impact of less than average rainfall on agriculture but the revival of monsoons has apparently eased such concerns.