Indian economy can beat S&P criterion for outlook upgrade - Mayaram

NEW DELHI (Reuters) - The Indian economy can grow by more than 5.5 percent in the current fiscal year, the finance ministry's top bureaucrat said on Friday.

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 percent would justify an upgrade in India's outlook.

(Reporting by Manoj Kumar; Writing by Douglas Busvine)