• search

India will achieve 7pc growth in FY09: Govt

Written by: Staff

New Delhi, Mar 1: The government of India is confident of achieving near to 7 pc growth in this fiscal despite the low 5.3 pc pc growth in the third quarter and global slump. But the global financial institutions predict further fall in the figures. India's GDP (Gross Domestic Product) growth declined to 5.3 pc in the third fiscal against 8.9 pc a year ago. This is the lowest in 5 years.

Goldman Sachs, a global financial institution said the India's economic growth will slowdown to a 6.7 pc in 2008-09 and may even weaken to 5.8 pc in the year 2009-10. But Pranab Mukherjee, Indian External Affairs minister said that the economy will clock a growth rate close to 7 pc and said the exact figure will be known only after the economy responds to the stimulus packages.

OneIndia News

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more