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India's economy to grow by 7.2 pc: Govt

Written by: Staff

New Delhi, Feb 8: The Government on Monday, Feb 8, said that India's economy is expected to grow at 7.2 percent in 2009-10.

According to the Central Statistical Organisation report, this reinforces the possibility that the government may start to unwind its fiscal stimulus in the forthcoming budget.

The report also estimated growth in manufacturing (8.9 pc), mining (8.7 pc), industry growth (8.2pc) and construction growth (6.5 pc).

Recently, the Reserve Bank of India (RBI) revised its GDP estimate to 7.5 percent from 6.5 percent for the current financial year ending Mar 2010.

It had also lifted its wholesale price index inflation forecast for the fiscal year to 8.5 percent.

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