Economic Affairs Secretary Shaktikanta Das has said that 7.6 per cent GDP growth is significant amid the global turmoil and there is no need to be sceptical.In a tweet on Tuesday, he said, there is need to continue reforms and policy initiatives. According to data of the Central Statistics Office (CSO), the economy is expected to grow at a 5-year high of 7.6 per cent in the current fiscal.The CSO data showed that the economy grew at 7.6 per cent in the first quarter, 7.7 per cent in second and 7.3 per cent in third.The CSO's estimate is higher than the Finance Ministry's mid-year economic analysis, which projected a growth rate of 7 to 7.5 per cent for the current fiscal. It is also higher than 7.4 per cent estimated by the Reserve Bank of India.IMF has projected India's growth at 7.3 per cent, while Asian Development Bank expected India's GDP to expand at 7.4 per cent in 2015-16. Moody's Investors Service has put the corresponding figure at 7 per cent for this fiscal.
News On AIR | February 10, 2016 9:19 AM
7.6 % GDP growth significant amid global turmoil: Economic Affairs Secretary<br/>