D038;B pegs 2014 growth at 5.5

The jump in growth will come in the second half of the year as the effect of the policy decisions takes place,it added.

The report said GDP growth in 2013 will come in at 4.8 per cent,down from 5.1 per cent last year. It can be noted that the GDP growth increased to 4.8 per cent for the quarter ended September from the 4.4 per cent earlier,making the half year average a poor 4.6 per cent.

The government is estimating it to touch 5 per cent this fiscal ending which is way below the potential growth rate. Damp;B said due to a deterioration in private demand,significant dip in investments and increase in the number of stalled projects worth over Rs 17 trillion it expects the industrial sector to grow only at 1.9 per cent in 2013,which it sees growing to 3 per cent in 2014 on revival in investments and uptick in sentiment.