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Thursday, July 02, 2009

India can return to growth rate of 8.5 to 9%

Provided the government revisits the agenda of pending reforms

The Economic Survey for 2008-09 was presented by Finance Minister Pranab Mukherjee in Parliament today, 2 July 2009.

The FM in his annual economic survey said the country can return to growth rate of 8.5 to 9% provided the government revisits the agenda of pending reforms to renew growth momentum.

Earlier, the Reserve Bank of India projected growth rate at 6% whereas the Prime Minister's Economic Advisory Council pegged it at 7 to 7.5% in the current fiscal

The Economic Survey, which is tabled by the Finance Minister before the presentation of the Budget, provides the government's assessment of the economy, outlines the problems facing the country and suggests measures for dealing with them.

The Union Budget for 2009-10 will be presented by the Finance Minister Pranab Mukherjee in the Parliament on Monday, 6 July 2009.

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