FinMin pegs India's GDP at 5.5% for FY15

India's economy is expected to grow at around 5.5 per cent in the fiscal year to March 2015, the finance ministry said in a report tabled in parliament on Friday.

If the forecast materialises, it would mark an improvement from two successive years of below 5 per cent growth.

In the first six months of the fiscal year, Asia's third-largest economy grew an annual 5.5 per cent.