Business Today

Pace of economic growth to accelerate, says Arvind Subramanian

The economy is expected to grow about 5.5 per cent in the fiscal year that ends in March.

Aman Shah and Rupam Jain Nair         Last Updated: January 12, 2015  | 12:13 IST
CEA Arvind Subramanian
CEA Arvind Subramanian (Photo: Reuters)

India's growth slowdown has bottomed out and the pace of economic expansion is expected to accelerate, said the finance ministry's chief economic adviser (CEA) Arvind Subramanian on Monday.

The economy grew below 5 per cent in the past two years - the longest spell of sub-par growth since 1980s.

However, it is expected to grow about 5.5 per cent in the fiscal year that ends in March.

(Reuters)

 

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