India's GDP will be around 8.2 per cent in 2010-11: Rangarajan | business | Hindustan Times
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India's GDP will be around 8.2 per cent in 2010-11: Rangarajan

business Updated: Mar 12, 2010 22:51 IST

India's gross domestic product (GDP) would be around 8.2 per cent next fiscal, Chairman of the Prime Minister's Economic Advisory Council C Rangarajan said on Friday.

"In the current fiscal (2009-10) we would clock 7.2 per cent GDP and 8.2 per cent in the next fiscal (2010-11)," he said, addressing a conference organised by the Calcutta Chamber of Commerce.

To achieve a growth rate of 7.2 per cent in 2009-10, the economy needs to grow at 8-9 per cent in the January-March quarter, a growth rate he said is achievable with robust industrial production and expectation of a good Rabi crop.

Rangarajan expects a growth rate of 9 per cent in 2011-12.

"Indian economy can grow between 8-9 per cent through augmentation of domestic demand, but for the economy to grow beyond 9 percent, we need a overall world environment to be favourable," he said.