India economic growth expected to outperform last year's rate: finance minister

[HONG KONG] Indian Finance Minister Arun Jaitley said on Monday he hopes India's economic growth for this fiscal year will outperform last year's rate.

Mr Jaitley, speaking at an event in Hong Kong, also said a draft of India's bankruptcy law was almost ready and he hoped to submit it to parliament in the near future.

India's economy grew 7.3 per cent last year. The government is aiming for 8-10 per cent annual economic growth, the junior finance minister said last week.

REUTERSs