Apart from this whopping figure, the minister said that the country's economy will expand 8.5 per cent in the next fiscal on industrial recovery.
This encouraging forecast by the minister comes after the Index of Industrial Production (IIP) for Dec 2009 came up at a 16-year-high of 16.8 per cent.
This surge was led by the manufacturing sector signaling at the improvement in demand across all sectors.
Dun & Bradstreet research analysts have also expressed confidence in the forecast presented by the finance minister.
“We have revised our GDP forecast for Q3 to 7.3 per cent, from the earlier 6.8 per cent, given the buoyancy witnessed in industrial activity in this quarter," D&B said in a release here on Wednesday, Feb 17.