Upbeat FM sees 7.75% growth for 2009-10
New Delhi: Finance Minister Pranab Mukherjee on Wednesday said the economy could grow around 7.75 percent in 2009-10, much higher than the official estimation of 7.2 percent.
"With latest GDP data on 2009-10 indicating 7.9 percent growth in the second quarter, the growth outlook for the next two quarters and for the whole year is expected to be in the upper bound range of more predictions for the Indian economy," he said in a speech.
The Central Statistical Organisation on Monday pegged the gross domestic product (GDP) growth for the fiscal at 7.2 percent, powered by a speedy recovery of the industrial section.
Indian economy expanded 6.7 percent in 2008-09 amid global financial crisis and recession in the advanced economies.
Though the growth story is back, policy makers are worried about inflation
More from India
More from World
More from Sports
More from Entertaiment
- Watch: PM Narendra Modi addressing rally in Imphal
- Will Shiv Sena join hands with Congress to stop BJP from entering BMC?
- Report: Are mobile smartphones more unhygienic than toilet seats?
- Delhi: Three-year-old twins die after falling into washing machine in Rohini
- BSF catches cow slaughter gang near India-Bangladesh border in Malda
- Ind vs Aus: Mohammed Azharuddin says Jayant Yadav and Ishant Sharma should be replaced in next Test
- WATCH: Kieron Pollard's epic celebration after destroying Lahore Qalandars in Dubai
- Indian doctor rescued from ISIS recounts horror, says 'they forced me to watch videos, shot me thrice'
- Mitchell Johnson takes a dig at Anil Kumble over calling Steve O'Keefe 'steady'
- India vs Australia, 1st Test, Day 3: As it happened...