India fearlessly predicts GDP growth to hit 6.4% in 2014

Versus a decade low 5%.

According to BBVA, in its annual review document on the Indian economy, the prime minister's economic advisory body has estimated India's GDP growth to pick up to 6.4% y/y in FY14 (year ending March 2014) (BBVA: 6.1% y/y)from a decade low of 5.0% in FY13.

"Inflation is expected to remain at around 6.0% y/y, and the current account and fiscal deficit are expected to ease. Importantly, the committee’s benign outlook is based on expectations of further policy reforms to revive the investment climate," BBVA said.

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