Mumbai: India will expand at 7-7.5% in the current fiscal year that began in April, Kirit Parikh, a member of the Planning Commission said on Friday.
“I think the worst is over,” he told reporters on the sidelines of an energy conference.
His estimate is higher than the central bank’s projection of around 6% in the 2009/10 fiscal year.
“We will see a turnaround. We are seeing a turnaround and we will get something like about 7.5% growth rate,” Parikh said.