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India's growth slowdown has bottomed: finance ministry adviser

Monday, January 12, 2015 - 13:59
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India's growth slowdown has bottomed out and the pace of economic expansion is expected to accelerate, said the finance ministry's chief economic adviser Arvind Subramanian on Monday.

[GANDHINAGAR] India's growth slowdown has bottomed out and the pace of economic expansion is expected to accelerate, said the finance ministry's chief economic adviser Arvind Subramanian on Monday.

Asia's third-largest economy grew below 5 per cent in the past two years - the longest spell of sub-par growth since 1980s. However, it is expected to grow about 5.5 per cent in the fiscal year that ends in March.

REUTERS