India's GDP May Decline By 0.5%: Adi Godrej

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Adi Godrej, Chairman of Godrej Industries said India's Gross Domestic Product or GDP growth would decline by 0.5%, in view of lower khariff output, reports say.

He added that the threat of monsoon would not hurt Fast Moving Consumer Goods (FMCG) companies.

Godrej expects India's inflation to be in high single digits by March 2010, adding that the Reserve Bank of India might increase rates, if inflation surges.

(Market News Provided by RTTNews)