New Delhi: Finance Ministry today expressed hope that the economy will grow in the vicinity of 7.5% during the current fiscal.
The Finance Ministry further observed that the growth is being mainly driven by pick-up in the manufacturing sector, which has grown by 9.3 per cent in the Second Quarter.
According to data provided by the Central Statistics Office (CSO), the Ministry made its observation that the GDP growth rate in the second quarter of the current fiscal is greater than the growth in the first quarter.
GDP growth for Second Quarter (Q2) of 2015-16 is estimated to be 7.4 per cent, it said, adding that the GDP growth has picked-up from 7.0 per cent in Q1 of 2015-16.
Similarly, the Fixed Investment is showing a sign of revival as it has grown by 6.8 per cent in the Second Quarter of current financial year.
Further, the Service Sector growth is still robust at 8.8 per cent in Q2 with the trade and transport services leading the way.
Latest Business News
