Rise in growth rate reflects Govt.'s efforts, says Sitharaman

Union Minister of State for Commerce and Industry Nirmala Sitharaman on Tuesday attributed the rise in the growth rate to 7.4 percent to the measures taken by the Centre over the last several months.

Array

"This particular figures which have come out now is reflective of all the steps which we have been taking over the months. It is now showing that fundamental changes which the government has been trying to bring in is paying off. I am glad that this change is happening and this positive change is only going to get reinforced," Sitharaman told ANI here.

India's GDP growth rose to 7.4 per cent in the September quarter as compared to seven per cent between April and June 2015, as a result of higher manufacturing output.

Union Finance Minister Arun Jaitley on Monday expressed satisfaction over the Quarter Two figures and said the growth rate will be better in 2016.

"I think the second quarter figures give us a sense of satisfaction. We expect growth this year to be better than last year and even better the next year. And when manufacturing starts turning despite globally adverse circumstances, I think that's a very significant figure from our point of view," Jaitley had said.