Finance Minister Arun Jaitley today said growth in the next financial year will rise to 8-8.5% and clock double-digit level in the subsequent years.
"Growth in 2015-16 is expected to be between 8-8.5%. Aiming for a double digit rate seems feasible very soon," he said while presenting the Budget for 2015-16 in the Lok Sabha.
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The Central Statistical Organisation (CSO) has recently revised the base year for calculation of GDP growth to 2011-12. As per this, the economic growth rate in 2013-14 is estimated at 6.9% and for 2014-15 at 7.4%.
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