“With fresh investment proposals continuing to pour in, we expect the current economic growth to be sustained in the near future,” Centre for Monitoring Indian Economy (CMIE) said in its monthly review.
CMIE expects the economy to grow by 9.1 per cent in 2007/08 too, higher than Reserve Bank of India’s forecast of 8.5 per cent. The economy has grown an average of 8.6 per cent in the last four fiscal years.