Mukherjee expects upward revision to FY12 GDP growth
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Last Updated: Tue, Feb 07, 2012 15:13 hrs
The finance minister said on Tuesday he expects an upward revision of the advance GDP growth estimate of 6.9 percent for the 2011/12 financial year ending in March, when the full data becomes available.
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A moderation in headline inflation, a possibility of bumper crop and a strong performance in the service sector could help recover the growth momentum, Pranab Mukherjee said in a statement.
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India's economic growth may dip below 7 percent in the current fiscal year, provisional estimate released by the government said earlier, the slowest pace since the 2008 financial crisis, restrained by the central bank's inflation-fighting campaign and government gridlock.
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