Foreign investment bank UBS in its latest report said India's economy may grow at 6.2% in 2009-10, revising its estimate of 5.2% growth, citing lower interest rates, smaller excess capacity and a fall in risk aversion.
The Reserve Bank of India has recently forecast growth at about 6%. In the previous three fiscal years, the economy expanded at or more than 9%.
Industrial output could pick up in a limited way to 5-8% in the fiscal year ending in March 2010, from 2.4% in the past year but move decisively above 10% in 2010/11, UBS said.
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