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)
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Government officials painted an upbeat picture for the economy on Thursday as it struggles to emerge from the longest spell of sub-par growth in decades and promised to tighten up risk management at the country's dominant state banks. Full Article