India hopeful of over 7 pct growth in FY11 - Mukherjee

Reuters    Translate This Article
10 November 2009

NEW DELHI (Reuters) - India is hopeful of more than 7 percent growth in the fiscal year ending March 2011 and 9 percent growth by 2012, Finance Minister Pranab Mukherjee said on Tuesday.

Mukherjee was speaking at the World Economic Forum's India Economic summit in New Delhi.

India's economic growth slowed to 6.7 percent in the fiscal year to March 2009 after three straight years of at least 9 percent, and government officials have said growth in the current year is on track for roughly 6.5 percent.

Policymakers including Prime Minister Manmohan Singh have pressed the case for keeping easy fiscal and monetary policies in place to nurture growth in Asia's third-largest economy.

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