Finance Secretary Arvind Mayaram today said growth rate in the current fiscal will be in the range of 5.5 to 5.9 per cent, exceeding what the Standard and Poor's estimate of 5.5 per cent. His remarks came after the Global rating agency S&P today raised India's outlook to stable from negative after two-years.However the agency has retained the rating at BBB. Speaking to the reporters in New Delhi , Arvind Mayaram said that the government is satisfied that the credit rating agency has acknowledged the steps taken by the Centre to improve the economy.The revision in outlook comes just ahead of Prime Minister Narendra Modi's visit to the US, which is aimed at attracting more investment in the country.
News On AIR | September 26, 2014 8:58 PM
Growth rate could touch 5.9% this fiscal: Mayaram<br/>