Indian economy to grow by 7.75 pc in FY10: FM

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New Delhi, Feb 10: Finance Minister Pranab Mukherjee on Wednesday, Feb 10, said that India's economy will grow 7.75 per cent this fiscal.

Addressing a meeting, Mukherjee said, "The Economic Survey 2008-09 had indicated that the upper bound of growth in real GDP for the year 2009-10 could be around 7.75 per cent."

He further said, "With the latest GDP data on 2009-10 indicating 7.9 per cent growth in the second quarter, the growth outlook for the next two quarters and for the whole year is expected to be in the upper bound range of most predictions for the Indian economy.

"The Central Statistical Organisation in its advance estimate has projected the economy to grow by 7.2 per cent this fiscal," he added.

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