GDP to expand 6-6.5% in 2009-10: PM

GDP to expand 6-6.5% in 2009-10: PM
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First Published: Tue, Oct 20 2009. 04 52 PM IST
Updated: Tue, Oct 20 2009. 04 52 PM IST
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.
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First Published: Tue, Oct 20 2009. 04 52 PM IST