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Our Bureau

New Delhi , Aug. 8

THE Union Finance Minister, Mr P. Chidambaram, said on Monday that economic growth in the first quarter of the current fiscal is likely to be better than the 6.9 per cent rate achieved for the fiscal year ended March 31, 2005.

"By all indications, the growth in the first quarter this year is better than the annualised growth of 6.9 per cent last year. Economy is doing well. Let's not talk it down," Mr Chidambaram said, while winding up discussions on the supplementary demands for grants, which was later passed by the Lok Sabha.

He highlighted that key economic indicators such as industrial growth, exports and revenue collections have recorded robust growth in Q1 2005-06.

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