Economic growth in the current fiscal is estimated to rise by 4.9 per cent as compared to the growth rate of 4.5 per cent in 2012-13, with good performance of the farm sector. According to advanced estimates released by the Central Statistics Office, CSO in New Delhi, the growth rate in the manufacturing and mining sectors continue to remain a cause of concern.

The CSO had earlier lowered growth for 2012-13 fiscal to 4.5 per cent in its revised estimates from the provisional forecast of 5 per cent.
Chairman of the Prime Minister's Economic Advisory Council C. Rangarajan described it as encouraging indication that economic slowdown is over.