Budget'11 to revive investment, push growth to 9 per cent: FM

Budget'11 to revive investment, push growth to 9 per cent: FM

"I am optimistic that the measures I have outlined in this year's budget will revive private investment and put the economy back on the growth path of 9 per cent," he said at a SIDBI function here.

He said that the economy in 2009-10 is expected to grow by 7.2 per cent, which is "impressive by global standards".

In the current fiscal (2010-11), Mukherjee said, the economy would expand by 8.25-8.75 per cent.

Yesterday, Prime Minister Manmohan Singh had exuded confidence that the economy can get back to 9 per cent growth by the end of 11th Five-Year Plan (2007-2012) and do even better thereafter.

After clocking an impressive 9 per cent growth for the previous three fiscals till 2007-08, India's GDP grew by a relatively modest rate of 6.7 per cent in 2008-09.

DH Newsletter Privacy Policy Get the top news in your inbox
GET IT
Comments (+)