LD FM 2

Referring to growth prospects, Mukherjee also exuded
confidence that the Indian economy would grow by 7 per cent in
the next fiscal, with growth rate accelerating to the 9-10 per
cent towards the beginning of 12th Plan.

"I will be happy if I have 7 per cent plus (GDP) for the
next year and 8 per cent the year after that... thereafter I
think momentum would gather and it would be possible to have 9
to 10 per cent growth surely during the initial years of 12th
Plan," the Minister said.
Having recorded 9 per cent economic expansion for three
consecutive years till 2007-08, India's GDP growth rate
slipped to 6.7 per cent during 2008-09, mainly on account of
the impact of the global financial crisis.
As regards the current fiscal, the Planning Commission
had projected a growth rate of 6.3 per cent, while the Prime
Minister's Economic Advisory Council expects 6.5 per cent
economic expansion.
Replying to questions on tax evasion, Mukherjee said
India will start negotiations with all 77 countries for
revising the double tax avoidance treaties.
"I have asked Revenue Department to reopen negotiations
for all 77 double tax avoidance agreements...we have entered
so far so that we can have real time exchange of information
on tax evasion and tax avoidance," he said. (More) PTI TEAM
RAI


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