Buoyed by robust industrial growth in August,the PMs economic panel today projected factory growth at 7.5-8 per cent this fiscal. I think the industrial production numbers clearly indicate that industrial recovery is well on the way. I would expect that during the current financial year,the industrial growth would be 7.5 per cent to 8 per cent. GDP growth will be 6-6.5 per cent, Prime Ministers Economic Advisory Council Chairman C Rangarajan told reporters here. The industry recorded 22-month high growth of 10.4 per cent in August from a marginal 1.7 per cent a year ago. Industrial growth during the first five months of this fiscal stood at 5.8 per cent against 4.8 per cent a year ago. The RBI has pegged the economic growth at six per cent this fiscal.
