India’s economy will expand around 7 per cent in the year to March,External Affairs and stand-in Finance Minister Pranab Mukherjee said on Thursday,in line with the RBI and government estimates.
“Even at this stage,the projection of the growth,though it will not be 8.9-8.8 percent,but it would be around 7 percent,” Pranab Mukherjee told reporters. “There is no doubt in it.”
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The RBI on Tuesday cut its forecast for the year to 7 per cent with a downward bias,from an earlier estimate of 7-7.5 per cent. India has grown at 9 per cent or more in the last three fiscal years.
