February 8, 2013 / 12:21 PM / in 5 years

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.

A worker welds iron rods at the construction site of a commercial complex in Ahmedabad November 29, 2012. REUTERS/Amit Dave/Files

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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