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India to sustain growth despite challenges: PM

business Updated: Jun 02, 2008 12:27 IST

Reuters
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India will be able to sustain high economic growth despite several challenges, Prime Minister Manmohan Singh said on Monday, and the government's aim was to contain inflationary expectations without hurting expansion.

Singh was speaking at an annual meeting of a leading industry lobby group.

The Indian economy, Asia's third-largest, grew 9.0 per cent in 2007/08 and the central bank estimates it will expand 8-8.5 per cent in the fiscal year ending March 2009.

(Reporting by C.J. Kuncheria and Rakesh Sharma; Editing by Mark Williams)