Maintaining growth rate key challenge for UPA: RBI

New Delhi, May 26: The biggest challenge before the new ruling coalition is to maintain a strong growth rate, which suffered a set back due to global financial crisis, said Rakesh Mohan, the Reserve Bank of India's deputy governor.

He told to scribes, "We have to observe that uncertainty in the world is still very high and we cannot ignore the fact that we are more integrated to the world than we used to be."

RBI is expecting the Indian economy to expand about 6 pc in the current fiscal year ending Mar 31, 2010, lower from the previous year's estimate of 6.5-6.7 pc.

Indian economy grew at 9 pc or more in the last three fiscal years.

OneIndia News