Chennai: The government Friday pegged economic growth at around 7.5 percent in 2012-13, mainly driven by growth in the manufacturing sector.
"The performance of the manufacturing sector was better than the performance in the previous quarter. Therefore, we think that this trend may continue into next year", Prime Minister's Economic Advisory Council Chairman C Rangarajan said here.
He was speaking to reporters on the sidelines of a conference organised by the Madras School of Economics.
"We think the manufacturing growth will be better (in future) and that will give an additional growth rate of about half a percent over the current year and therefore it (the GDP growth) will be 7.5 percent (next financial year)".
First Published: Friday, March 02, 2012, 19:27