Economy can grow at rate faster than 5.5 pc in FY15: Arvind Mayaram

The Indian economy can grow by more than 5.5 per cent in the current financial year year, the finance ministry has said.

Finance Secretary Arvind Mayaram spoke after ratings agency Standard & Poor's raised the outlook on India's BBB- sovereign credit rating to stable from negative.

S&P said a return to trend growth of 5.5 per cent would justify an upgrade in India's outlook.

(Reuters)