India FY10 growth may exceed 7.75%: finmin report

India FY10 growth may exceed 7.75%: finmin report

New Delhi: The Indian economy could grow more than 7.75% in the fiscal year to March 2010, the finance ministry said in a report to parliament.

The ministry said the Economic Survey 2008/09 in July had projected GDP growth could be around 7%, with an allowance of 0.75 percentage points on either side.

“With the latest GDP data on Q2 (July-Sept) of 2009/10 being higher at 7.9%, the growth outlook for the next two quarters and for the whole year is likely to be in the upper bound of the range predicted; and may even exceed it," the report said.

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