October 7, 2009 5:59 PM

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GDP to grow above 6.3 percent: Montek

The Planning Commission says, the economy may grow at a rate higher than 6.3 per cent projected earlier as it sees drought having lesser impact on agriculture. Planning Commission Deputy Chairman Montek Singh Ahluwalia said that the commission had earlier projected a 2.5 per cent fall in the farm output due to weak monsoon but expects the drop to be less than that. Speaking at a seminar in Mumbai, Mr. Montek said the impact of drought on the country's agriculture could turn less negative than feared earlier. He said this will add up to the overall economic growth. He pointed out that a significant industrial recovery and a healthy flow of investments would also contribute to the country's overall growth. Mr. Ahluwalia said Central and State Governments should encourage public-private partnership model in health and education sectors to speed up development.

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