GDP figures disappointing, says Pranab

August 30, 2011 14:20

Just in: Finance Minister Pranab Mukherjee says he is disappointed with the GDP figures and added that there was a need for hard work to ensure growth.

A Wall Street Journal report says that the Indian economy grew at a steady pace in the April-June quarter due to strong expansion in services output, raising expectations that the Reserve Bank of India will continue tightening monetary policy to restrain inflation.

Gross domestic product grew 7.7% from a year earlier, the government said Tuesday. The reading was in line with the consensus expectation of a 7.6% increase in a poll of 17 economists.

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