The Troubled Rupee
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Economy to grow 5.5 pct this year amid signs of upturn: Chidambaram
NEW DELHI |
NEW DELHI (Reuters) - India's economy will grow by 5.5 percent this fiscal year and 6-7 percent in the next fiscal year, as Asia's third-largest economy shows signs of reviving, Finance Minister P. Chidambaram said on Saturday.
Chidambaram said the economy would perform better than the 5 percent growth forecast by the government's Central Statistical Organisation (CSO) last week.
The 5 percent 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.
(Reporting by Neha Dasgupta; Writing by Matthias Williams; Editing by Robert Birsel)
- Tweet this
- Share this
- Digg this