new delhi with improvement in economic activity and revival of sentiments the rbi on tuesday said gdp growth in the current fiscal is expected to go up to 55 per cent from 47 per cent in last financial year the implementation of government policy actions that have been announced should create a congenial setting for a steady improvement in domestic demand and supply conditions rbi said in its bimonthly policy statement sentiments on domestic economic activity appear to be reviving rbi said adding that there are early signs of modest strengthening of corporate sales and business flows prospects of reinvigoration of growth have improved modestly the central estimate of real gdp growth of 55 per cent within a likely range of 5 to 6 per cent for 201415 can be sustained it said driven by improved performance of the manufacturing sector industrial production growth soared to 19month high of 47 per cent in may also indias export growth remained in double digit for the second month in a row at 1022 per cent in june the firming up of export growth should support manufacturing and services sector it said further the revival of investments unblocking of stalled projects pickup in external demand and stabilisation in global crude prices could help achieve the growth estimates rbi said as per the finance ministry estimates gdp growth in the current fiscal is expected be in the range of 5459 per cent in his maiden budget finance minister arun jaitley had announced a host of measures including hiking tax exemption limit incentives for the housing sector and relief in indirect taxes for auto and other sectors to promote industrial output and boost growth