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.
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.
