Mumbai, Nov 05: Backed by good growth in exports and strong recovery in agriculture, the Indian economy could even grow beyond seven per cent, Reserve Bank of India governor YV Reddy has said. The downslide for exports seems to be remote and could have a significant positive impact on the industrial activity. The industrial sector is likely to grow at six per cent in the current fiscal, Reddy told reporters in a post-policy review interaction here on Tuesday.

The agriculture sector is expected to witness a strong rebound and could even go beyond seven per cent, he said.
The services sector could also grow over seven per cent, and taking into account aggregate effect, the gross domestic product (GDP) could grow beyond seven per cent, Reddy said. Bureau Report