Economy likely to grow at 5.5 percent in 2012/13
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)
- Tweet this
- Share this
- Digg this
- UPDATE 3-In landmark for EU, Ireland leaves its bailout behind
- Insight - In Yemen, al Qaeda gains sympathy amid U.S. drone strikes
- UPDATE 2-Canada household debt-to-income ratio hits record high
- Insight: In Yemen, al Qaeda gains sympathy amid U.S. drone strikes
- BSE Sensex marks biggest weekly fall in nearly a month
The Sensex fell on Friday to mark its biggest weekly fall in nearly a month, as rate-sensitive stocks such as ICICI Bank fell on caution ahead of the RBI's policy review and the U.S. Federal Reserve meet next week. Article
Asia-Pacific M&A volume falls for third consecutive year, deal size grows. Full Article