India tips growth of 5.5pct amid signs of upturn

NEW DELHI, Feb 9 — India’s economy will grow by 5.5 per cent this fiscal year and 6-7 per cent in the next fiscal year, as Asia’s third-largest economy shows signs of reviving, Finance Minister P. Chidambaram said today.

Chidambaram said the economy would perform better than the 5 per cent growth forecast by the government’s Central Statistical Organisation (CSO) last week.

The 5 per cent figure had been taken as an indication that the economy, growing at its slowest pace in a decade, could be in a worse state than anticipated. — Reuters


Please note that you must sign up with before commenting. And, please refrain from comments of a racist, sexist, personal, vulgar or derogatory nature and note that comments can be edited, rewritten for clarity or to avoid questionable issues. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments