30/12/2014 9:50 AM IST | Updated 15/07/2016 8:24 AM IST

India's GDP Growth Expected To Be 'Much Better' Next Year, Says Finance Minister Arun Jaitley

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NEW DELHI, INDIA - DECEMBER 7: Union Finance Minister Arun Jaitley during a press conference after the first round of meetings with Chief Ministers on plan panel revamp at Shastri Bhawan, on December 7, 2014 in New Delhi, India. Jaitley said most chief ministers have favoured an alternative structure that would replace the Planning Commission, in which states would have more participation. (Photo by Arvind Yadav/Hindustan Times via Getty Images)

With 2015 around the corner, financial comparisons and expectations are already on the uprise.

Finance Minister, Arun Jaitley, according to Reuters, said he expects India's growth rate to be much better in the next year, on Monday.

Last year's July-September quarter saw the GDP increase by 5.3 per cent, as against the first quarter that marked a 5.7 per cent expansion. The Reuters report also specified a 5.5 per cent growth in the current financial year that ends on March 31.

Another report by The Hindu, shows that the United Nations has predicted India’s economic growth to improve to 6.3 per cent in 2016 with the country leading economic recovery in South Asia.