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July 10, 2002 | 1146 IST 		Feedback  
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Vajpayee sees economy growing more than 6%

Prime Minister Atal Behari Vajpayee said on Wednesday the country's economy was expected to grow at more than 6.0 per cent in 2002-03 and there was "unprecedented" price stability in the economy.

Prime Minister A B Vajpayee. Photo: Reuters/B. Mathur"GDP grew at 5.4 per cent, up from 4.0 per cent in the previous year. This year it is expected to grow beyond 6.0 per cent," Vajpayee told the Council on Trade and Industry.

"There has been unprecedented price stability, inflation is around 2.0 per cent, forex reserves have grown to $58 billion which provides more than 13 months of import cover, the highest for any country excepting China."

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