Chidambaram estimates GDP at 6% this year

India's economy should expand by 5.5- 6 percent this year and growth should then return to 7 percent next year, finance minister P Chidambaram told Reuters on Sunday, and said inflation was at an "unacceptable level".

November 05, 2012 / 15:32 IST

India's economy should expand by 5.5 percent - 6 percent this year and growth should then return to 7 percent next year, finance minister P Chidambaram told Reuters on Sunday, and said inflation was at an "unacceptable level".

"I'm looking forward to this year ending with 5.5-6 percent growth, barring any unexpected shocks and next year getting back to 7 percent growth, and in 2014-15 getting back to 8 percent growth," he said in an interview during a visit to Mexico for a G-20 meeting.

The International Monetary Fund in October slashed its economic growth forecast for India for 2012 to 4.9 percent from 6.1 percent previously.

first published: Nov 5, 2012 08:12 am

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