The Government today expressed confidence that the economy will improve with an overall growth rate of GDP to around 5.7 to 5.9 percent in the current financial year. In its Mid-Year Economic Analysis for 2012-13 tabled by Minister of State for Finance Namo Narain Meena in the Lok Sabha, the government said the growth rate in the second half of the current fiscal would be close to around six percent.However, to achieve this both fiscal and monetary policies would have to sustain investor confidence. The Report said that there has been a positive upturn in the business expectation index in the third quarter. A visible buoyancy in capital markets and a resurgent growth in the manufacturing sector suggest that the economy is poised for an acceleration in growth in the second half of 2012-13. The core sectors of industry recorded a growth of 6.5 percent in October this year compared to an average growth of 3.2 percent in the first half of this fiscal. Agriculture is also expected to improve because of better prospects of Rabi crops. The assessment indicates that fiscal deficit would be contained to 5.3 percent of the GDP as against 5.1 percent indicated at the Budget stage.