The economy is likely to grow by around 5.5 per cent during the current fiscal ending March this year, a top Finance Ministry official said.
"All the global economies of the world are facing economic slowdown, if we grow over 5.5 per cent it would be quite satisfying," a top Finance Ministry official said.
"This year, with the hangover of the last two years, have to be in approximation of 5.5 per cent," the official said.
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The Economic Survey for 2013-14 projected a growth in the range of 5.4 to 5.9 per cent in 2014-15.
Indian economy was growing at over 9 per cent for three years before it was impacted by the global financial crisis of 2008. The growth rate fell to sub-5 per cent in 2012-13 and 2013-14.
In the first half of the current fiscal, it improved to 5.5 per cent, up from 4.9 per cent recorded in 2013-14. The government has projected the GDP growth to be 5.5 per cent in 2014-15, up from 4.7 per cent recorded last year.
RBI latest estimate projects GDP growth for current fiscal at 5.5 per cent.
