<p>Stating that gross tax revenue has grown at a robust pace so far in the current fiscal and proceeds from spectrum sale as also disinvestment would help fill the fiscal deficit, Mukherjee said that economic growth would exceed 9 per cent in near future.<br /><br />The auction of 3G and broadband spectrum and disinvestment proceed would help meet the fiscal deficit target, Mukherjee said at the annual Economic Editors Conference here.<br />The gross tax revenue grew by 27.3 per cent so far this fiscal as opposed to negative growth rate in the same period last fiscal, he added.<br /><br />For the current fiscal, he pegged the economic growth at 8.25-8.75 per cent.<br />On inflation, the minister said that food prices were the main driver, while he also expressed concerns on rising rupee having implications on the country's exports.<br />He said that strong domestic demand and robust investment climate had led to surge in capital inflow.</p>
<p>Stating that gross tax revenue has grown at a robust pace so far in the current fiscal and proceeds from spectrum sale as also disinvestment would help fill the fiscal deficit, Mukherjee said that economic growth would exceed 9 per cent in near future.<br /><br />The auction of 3G and broadband spectrum and disinvestment proceed would help meet the fiscal deficit target, Mukherjee said at the annual Economic Editors Conference here.<br />The gross tax revenue grew by 27.3 per cent so far this fiscal as opposed to negative growth rate in the same period last fiscal, he added.<br /><br />For the current fiscal, he pegged the economic growth at 8.25-8.75 per cent.<br />On inflation, the minister said that food prices were the main driver, while he also expressed concerns on rising rupee having implications on the country's exports.<br />He said that strong domestic demand and robust investment climate had led to surge in capital inflow.</p>