New Delhi: “The Indian economy will expand at 6-6.5% in the year to March 2010,” Prime Minister Manmohan Singh said on Tuesday, despite uncertainity whether signs of a global recovery will lead to a return to a sustained growth path.
“There are incipient signs of recovery in the global economy, but it is not yet certain whether this represents a return to a secular and self-sustaining growth path,” Singh said.
“Despite these negative factors, the Indian economy has shown remarkable resilience. Our growth rate in the current year will be 6 to 6.5%,” he said.
Singh also said that the drought in the country, the worst in decades, had further hit the poorest sections of its people.