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Economy likely to grow at 5.5 percent in 2012/13

Source : REUTERS
Last Updated: Sat, Feb 09, 2013 09:59 hrs
Labourers are silhouetted against the setting sun as they work at the construction site of a residential building in Hyderabad

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.

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