Zee Media Bureau
New Delhi: Finance Secretary Rajiv Mehrishi on Friday said that GDP numbers are encouraging. “Data shows signs of pick up, both manufacturing and services have improved, Mehershi said.
Mehershi's statement came in the back drop of growth figures released by Central Statistics Office (CSO) today. The Indian economy grew at 7.3 percent in 2014-15 due to improvement in the performance of both services as well as manufacturing sectors.
The Finance Secretary further added that encouraging part of GDP data is manufacturing pick up.
Exuding confidence on the overall growth, he said, :We have already surpassed China's growth rate. Agriculture growth will be better this year than in 2014-15”
According to the data release by the Central Statistics Office (CSO) today, the economic growth was 6.9 percent in 2013-14 as per the new series of national accounts with base year of 2011-12.
The growth in 2014-15 was lower than the advance estimates of 7.4 percent released in February.
The fourth quarter (January-March) of last fiscal saw the economy grow at 7.5 percent, better than 6.6 percent recorded for the previous three months, October-December.
With Agency Inputs
