Signs of upturn in economy: Chidambaram

Not happy with CSO’s growth projection, Finance Minister P Chidambaram on Saturday said there are signs of upturn in the economy and it is likely to grow at a higher rate of 5.5 per cent this fiscal and further improve to 6-7 per cent in 2013-14.

“While 5 per cent growth rate of CSO is low and is a matter of concern...we believe growth will be closer to 5.5 per cent rather than CSO’s estimate of 5 per cent,” he said while launching the Rajiv Gandhi Equity Savings Scheme (RGESS) here.Read More