November 29, 2012 10:14 AM IST

India's GDP Growth Likely to Rise 6.5% in 2013, Says Goldman Sachs

India's economic growth is likely to accelerate to 6.5 percent in 2013 backed by favourable external sector demand outlook and a pick-up in domestic reforms, Goldman Sachs said in a report on Thursday.

Kashmiri woman walks over marshy land while wearing wooden boards on her feet, to collect water chestnuts from the waters of Wular Lake at Bandipora, about 65 km (40 miles) north of Srinagar, November 5, 2012.

The Indian economy is likely to grow at 7.2 percent in 2014, compared with 5.4 percent in 2012, the report said.

According to a Reuters poll, India's economy expanded near its slowest pace in three years in the quarter to September at 5.4 percent.

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Reuters

Kashmiri woman walks over marshy land while wearing wooden boards on her feet, to collect water chestnuts from the waters of Wular Lake at Bandipora, about 65 km (40 miles) north of Srinagar, November 5, 2012.