Unveiling the report here, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said: "India's economic growth in 2013-14 will be better than 2012-13, but will be lower than the pre-crisis level. We need to organise ourselves to go back to pre-crisis level of growth rate." According to International Monetary Fund (IMF), Indian economy is projected to grow by 5.7 per cent in 2013 calendar year. Economic growth in FY'13 is expected to be at decade low of 5 per cent due to global slowdown, according to estimates. In the Budget, Finance Minister P Chidambaram had said the government was targeting a growth of 6.1-6.7 per cent for the current fiscal. From a high over 9 per cent GDP growth for many years prior to the 2008 crisis, the economy grew 6.5 per cent in 2011-12. Meanwhile, the increase in economic growth of the developing Asia-Pacific nations to 6 per cent in 2013 from 5.6 per cent in 2012 is partly due to an expected improvement in global demand arising from steady, although sub-par, growth in the United States and a limited rebound in the performance of major emerging economies, the UN report added.