NEW DELHI : Finance Minister Arun Jaitley said, according to different estimates, Indian economy is likely to grow 6.0-6.5% in 2015-16 (Apr-March), a finance ministry release said. Addressing the finance ministers of states at a pre-Budget meet, Jaitley said even though India has a potential to grow at a higher rate, the gross domestic product is expected to be in the range of 6.0% to 6.5% according to various estimates. Latest data released by the government shows that India’s gross domestic product grew 5.5% during the first half of the current financial year ending March against 4.9% expansion in the year ago period. India’s economy grew 4.7% in 2013-14.
He also said giving a boost to the manufacturing sector is the biggest challenge for the government.
India’s industrial growth slumped to a three-year low of (-)4.2% in October, according to data released by the Central Statistics Office earlier this month. -Cogencis
