Congress leader P Chidambaram today welcomed the rise in India's groos domestic product growth rate but on a cautious note, saying it is a pause in the declining trend and one should wait for the next three-four quarters before drawing a definite conclusion.

'Happy that the July-Sep quarter has registered a growth rate of 6.3%. This a PAUSE in the declining trend of the last five quarters.

'But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,' he said in a series of tweets.

Chidambaram also said that '6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy'.

The former finance minister said this after India reported a 6.3 per cent GDP growth rate in the July-September quarter of the current fiscal.

Reversing the five quarters of slowing GDP growth, Indian economy expanded by 6.3 per cent in July-September on the back of a pick-up in manufacturing.  -- PTI