Final growth numbers to be better: Fin Secy - Hindustan Times
close_game
close_game

Final growth numbers to be better: Fin Secy

PTI | By, New Delhi
Feb 08, 2010 05:43 PM IST

Finance Secretary Ashok Chawla said the economy could finally grow higher than the 7.2 per cent estimated by the official statistical department today.

Finance Secretary Ashok Chawla said the economy could finally grow higher than the 7.2 per cent estimated by the official statistical department on Monday.

HT Image
HT Image

According to the advance estimates of the Central Statistical Organisation (CSO) released on Monday, the economy will grow by 7.2 per cent in the current fiscal against 6.7 per cent last financial year.

Hindustan Times - your fastest source for breaking news! Read now.

"This is an advance estimate. What normally we see when the final numbers come out for the third and fourth quarters is that there would be an upward bias and we are sure that this time also the same is going to happen," Chawla told reporters.

"In terms of what the future policy framework is going to be, I think you will have to wait for the budget," he said on being asked about the implication of the growth estimate on the fiscal stimulus measures.

The Finance Ministry pegged GDP growth at 7.75 per cent in the mid-term economic review, while the RBI projected it at 7.5 per cent in its quarterly monetary policy review last month.

Chief Economic Advisor Kaushik Basu said the growth estimate confirms that the country has clearly turned from the downturn.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On