India's GDP growth expected to be "much better" in 2015/16

NEW DELHI - The Indian economy is expected to grow "much better" in 2015/16 as compared with the current financial year, Finance Minister Arun Jaitley said on Monday.

The Indian economy grew by 5.3 per cent in the September quarter from a year earlier, and is expected to grow 5.5 per cent in the current financial year that ends on March 31.

India has had two successive years of below 5 per cent economic growth and is still recovering from its worst slowdown since the 1980s.