Pic: The Gateway of India, Mumbai, India
Given the current rates of savings and investment, the country will sustain economic growth of close to 9 % in the medium term, Prime Minister Manmohan Singh reiterated confidence about Indian economic growth.
While releasing a book Business Standard India – 2008 in New Delhi Prime Minister Manmohan Singh said
I do believe we have unleashed the creative energy of our people and that is what is contributing to the acceleration of economic growth, in all dimensions, and can be sustained while holding inflation under check. It has been our endeavour to ensure that inflation does not get out of control
The Central Statistical Organisation had forecasted 8.7 %GDP in the current financial year.