Prime Minister's Economic Advisory Council (PMEAC) has strongly advocated for liberalising FDI norms and resolve tax concerns of the industry to promote growth. The Chairman of the Council, Dr. C. Rangarajan said in New Delhi on Friday that fast track public sector investment and measures to contain the fiscal deficit are also essential to boost the growth. He added that the present monetary policy should continue till stability in rupee is achieved. The Council lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier.Releasing the Economic Outlook for 2013-14, Dr. Rangarajan said, owing to good monsoon and increased sown area, Agriculture is projected to achieve 4.8 percent growth.It will pick up in the second half with important sectors of the economy also expected to do better. The growth of services sector is projected at 6.6 per cent in current fiscal from 7.1 per cent, a year ago.Dr. Rangarajan said, good agricultural performance will also have a moderating impact on inflation.