ADB upgrades India8217;s growth forecast to 6

India,it added,would be able to clock 7 per cent growth rate during 2010-11. Country8217;s growth rate slipped from 9 per cent to 6.7 per cent in 2008-09 on account of the impact of the global financial crisis.

Projecting an inflation of 4-5 per cent by March 2010,the ADB said,8221;inflationary pressures are likely to persist,driven by high food prices and expansionary monetary and fiscal policies.8221;

The inflation has turned positive for the week ended September 5,after remaining in the negative zone for about three months.

Rising food inflation,ADB said,would create a dilemma for the monetary authority which is currently engaged in combating the impact of the financial meltdown by following easy money policy.