Dinesh Narayanan/Forbes India
Blufin, a financial information and analytics company, has predicted that the Indian economy will be able to weather currency risks and continue to grow in the next few months.
The Indian rupee has fallen nearly 10 percent in the past three months against the dollar, triggering a crash in share prices and scaring foreign investors.
But Blufin's business cycle indicator (BCI) rose 5.6 percent year-on-year in June. Improving consumer demand and falling international prices of commodities helped, though some gains were eroded by a falling rupee.
The BCI has been predicting an economic revival since July 2012. BluFin's senior advisor Surjit Bhalla says the indicator is stable and "close to a tipping point". They expect first quarter GDP growth in 2013-14 to be around 5.3 percent and pick up to end the year at near 6.2 percent.
Click here to read more More Forbes India stories How India has Punctured its Gas Balloon
Uttarakhand Disaster is a Wake-Up Call: RK Pachauri
Book Review | Reva EV: India’'s Green Gift to the World
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
