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Economy | Economy to grow by 7.75%, says Rangarajan

Economy | Economy to grow by 7.75%, says Rangarajan
PTI
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First Published: Tue, Dec 29 2009. 11 23 PM IST
Updated: Tue, Dec 29 2009. 11 23 PM IST
Hyderabad: Indian economy will grow between 7-7.75% during the current financial year despite poor performance of the agriculture sector on account of drought and floods, said chief economic adviser C. Rangarajan.
“The economy will grow between 7 and 7.5% overall but agricultural growth may fall by 1 to 2%,” Rangarajan said. Flagging food inflation as a major concern, he said, “agricultural growth rate should not fall below 4% for food security as 60% of the population are in rural areas.”
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First Published: Tue, Dec 29 2009. 11 23 PM IST