Economy likely to grow at 5.5 percent in 2012/13

NEW DELHI Sat Feb 9, 2013 7:14am IST

1 of 3. Labourers are silhouetted against the setting sun as they work at the construction site of a residential building in Hyderabad October 5, 2012.

Credit: Reuters/Krishnendu Halder

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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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