India, Nov. 28 -- The Indian economy might grow faster than estimated in the economic survey earlier this year, so much so that the GDP would cross the $4-trillion mark, Chief Economic Adviser V. Anantha Nageswaran said on Friday.
"The first half of the financial year has recorded a real GDP growth rate of 8%. Now we can state comfortably that the full year growth will be either 7% or to the north of that, rather than to the south of that," Nageswaran told reporters during a press conference after the release of the Q2 GDP data. "We are now saying that the GDP growth rate will be at least 7% for the full year."
At that rate, India's gross domestic product-a measure of the size of the economy-would cross the $4-trillion mark, he said.
"...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.