GDP growth may exceed 7.5% this fiscal, says Finmin
Enthused by 8.2 per cent GDP growth in the first quarter of 2018-19, the Finance Ministry today expressed the hope that economy may exceed 7.5 per cent in the current fiscal.
The country's economy is on steady growth path, Economic Affairs Secretary S C Garg said while commenting on the April-June quarter growth number.
The robust performance this quarter gives hope that growth could exceed even estimates 7.5 per cent this fiscal, he said.
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He also said that the fiscal deficit will not exceed 3.3 per cent of the GDP in 2018-19.
On the falling rupee, he said it will soon be in the range of Rs 68-70 against the US dollar.
The rupee closed today at record low of 71 to the dollar.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)