Economy likely to grow at 5.5 percent in 2012/13

NEW DELHI Sat Feb 9, 2013 4:35am IST

1 of 2. A worker welds iron rods at the construction site of a commercial complex in Ahmedabad November 29, 2012.

Credit: Reuters/Amit Dave/Files

Related Topics

NEW DELHI (Reuters) - India's economy is likely to grow at 5.5 percent or slightly more in the current fiscal year ending next month, and the central statistical organisation is likely to revise figures in its final estimates, a finance ministry statement said on Friday.

Citing GDP trend data for previous years, the statement said the advanced estimates were based on data till November or December, and did not capture the turnaround trend of the economy.

(Reporting by Manoj Kumar; Editing by Anupama Dwivedi)

FILED UNDER:
  • Most Popular
  • Most Shared

Pending Reform

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage