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.
|Gold Rate in Chennai||Rs. 27210.00 (-0.26%)|
|Gold Rate in Mumbai||Rs. 28060.00 (0.25%)|
|Gold Rate in Delhi||Rs. 27550.00 (0.18%)|
|Gold Rate in Kolkata||Rs. 27990.00 (0%)|
|Gold Rate in Kerala||Rs. 26600.00 (0%)|
|Gold Rate in Bangalore||Rs. 26680.00 (0.11%)|
|Gold Rate in Hyderabad||Rs. 27270.00 (0.04%)|