Wires

India growth likely to pick up pace in rest of fiscal year-minister

NEW DELHI, Oct 8 (Reuters) - India's economic growth islikely to accelerate from the current level of 5.5 percent forthe remaining quarters of the fiscal year, Finance Minister P.Chidambaram said on Monday.

India's quarterly GDP grew 5.5 percent, driven by a reboundin construction and financial services, provisional governmentdata showed in August, just above the 5.3 percentposted in the three months ended in March.

The current fiscal year ends in March 2013.

(Reporting by Manoj Kumar; editing by Malini Menon)

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Keywords: INDIA ECONOMY/GDP