Growth projections range from 5.5 per cent to 6.5 per cent, with lower inflation and softer interest rates
The war in Iraq will have a limited impact on the Indian economy. Although the US economy was expected to recover, Indian companies would get only sub-contracted reconstruction work in Iraq and would not be major beneficiaries, leading economists told Business Standard.
The experts, however, predicted a higher GDP growth, with projections ranging from 5.5 per cent to 6.5 per cent.
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They also predicted lower inflation and softer interest rates. Export growth would be moderate and was unlikely to reach 18 per cent as in 2002-03, they said.