(MENAFN) According to reports by the Indian government, India's economy is projected to grow more than 8 percent in the next financial year beginning April 1, QNA reported.
The new projections came after India last month changed its method of calculating GDP at market prices instead of factory costs. It also changed the base year used to calculate GDP from 2004-05 to 2011-12.
"(The survey) states the Indian economy appears to have now gone past the economic slowdown, persistent inflation, elevated fiscal deficit and slackening domestic demand," the government said.
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