Economic growth to be at upper range of most projections: FM

New Delhi, Feb 10 (PTI) Referring to last year's economic
survey projections that Indian economy could grow by 7.75 per
cent this fiscal, union Finance Minister Pranab Mukherjee
Wednesday said that the economic expansion is expected to be
in the upper range of most predictions.
"The Economic Survey 2008-09 had indicated that the upper
bound of growth in real GDP for the year 2009-10 could be
around 7.75 per cent. With the latest GDP data on 2009-10
indicating 7.9 per cent 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 most
predictions for the Indian economy," Mukherjee said at
Consultative Committee meeting of the Colombo Plan.
The Finance Minister said that the Central Statistical
Organisation in its advance estimate has projected the economy
to grow by 7.2 per cent this fiscal.
Recently the Centre for Monitoring Indian Economy had
forecast that the economy would grow at 7.75 per cent for this
fiscal, while the Reserve Bank of India had pegged the GDP at
7.5 per cent.
The International Monetary Fund has also said that the
Indian economy is likely to grow at 7.75 per cent for the year
2009-10. PTI