Finance minister confident of 7.75 percent GDP growth this fiscal
February 10th, 2010 - 3:08 pm ICT by IANS ( Leave a comment )
New Delhi, Feb 10 (IANS) While the statistical arm of the government, the Central Statistical Organisation (CSO) has estimated India’s economy will grow by 7.2 percent in the current fiscal, Finance Minister Pranab Mukherjee is optimistic of India’s GDP growth to be at 7.75 percent by the end of March.
“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,” Mukherjee said at a function here Wednesday.
India’s GDP grew a relatively modest 6.7 percent in 2008-09, largely due to the worldwide recession that hit exports and manufacturing. Before 2008-09 India’s GDP growth was above 9 percent for three successive years.
The finance ministry had earlier predicted GDP growth at 7.75 percent in the mid-term economic review, while the RBI forecast a 7.5 percent GDP growth in its quarterly monetary policy review last month.
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Tags: central statistical organisation, cso, finance minister, finance ministry, gdp, gdp data, gdp growth, growth outlook, India, indian economy, monetary policy, New Delhi, pranab mukherjee, quarters, rbi, second quarter, worldwide recession
