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India may grow 7.2-7.5% in H2FY19; on way to becoming 5th largest economy

According to the CSO estimate Indian economy is expected to grow at 6.5 per cent in the current fiscal, ending March 31

Press Trust of India  |  New Delhi 

arun jaitley, budget 2018
Finance Minister Arun Jaitley holds his briefcase as he arrives at the parliament to present the federal budget in New Delhi. Photo: Reuters.

Finance Minister Arun Jaitley said today that India is expected to register a growth rate of 7.2-7.5 per cent in the second half of the current fiscal and is on way to becoming the 5th largest of the world.

While unveiling the 2018-19, he said, India has grown on an average of 7.5 per cent in the first three years of the current government and has become a USD 2.5 trillion

"We hope to grow at 7.2 to 7.5 per cent in the second half of the current fiscal," Jaitley said in the Lok Sabha.

India has already become 7th largest of the world, he said, adding that it is expected to become 5th largest economy soon.

According to the CSO estimate Indian economy is expected to grow at 6.5 per cent in the current fiscal, ending March 31.

For 2018-19, the economy is likely to grow at 7-7.5 per cent as per the Economic Survey tabled in Parliament earlier this week.

GDP growth in first quarter of 2017-18 had moderated to 5.7 per cent, the lowest in the three years. In the second quarter, it recovered to 6.3 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, February 01 2018. 12:06 IST
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