India poised for growth rebound: Ahluwalia

Indian economy grew 5.3% in the March quarter, its lowest level in nine years

India is poised for a turnaround in economic growth in the July-September quarter, Montek Singh Ahluwalia, deputy chairman of India's Planning Commission, said on Friday.

Ahluwalia, speaking to reporters on sidelines of a conference in Mumbai, also said he expects India to grow 6.5-7% in the 2012-13 fiscal year that started in April.

The country's economy grew 5.3% in the March quarter, its lowest level in nine years.