'India FY10 growth to be around 7 per cent'

Arvind Virmani, chief economic adviser at the Finance Ministry said that the Indian economy can expand 7 per cent in 2009/10, and the central bank must weigh the trade-off between growth and inflation when it reviews policy settings later this month. The forecast for the fiscal year ending March is higher than 6 per cent estimated by the central bank and private analysts, and the 6.3 per cent predicted by government's Planning Commission.