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India Inc Sees Economic Recovery On Right Track

India News

Fiscal India www.purnartha.com
India Inc today said the country’s economic recovery seems to be on right course with GDP projected to grow at a 5-year high of 7.6 per cent in 2015-16 and hoped the growth will further improve in coming days. It said the GDP estimates for the year 2015-16 indicate that the economy is firmly holding on to the recovery course. “Reform measures taken over the past 18 months have put the economy on the growth trajectory. The improvement expected in the agriculture and manufacturing sectors in the current fiscal is encouraging…we do hope to see a turnaround in near future,” Ficci said in a statement. According the Central Statistics Office (CSO), the Gross Domestic Product (GDP) or economic growth is estimated at 7.3 per cent in October-December quarter of this fiscal.