In the next 12 months, India will achieve an average of 8-9 per cent growth, and in the remaining four years of the 11th Plan, it will clock 9 per cent, Arvind Virmani, Chief Economic Advisor of the Union Finance Ministry, has said. Delivering his keynote address at a session on the ''State of the Indian Economy'' organised by the Confederation of Indian Industry (CII) here on Thursday, he said: "Don''t get confused by the cyclical trends and projections. We have not revised the range. After the release of the Index of Industrial Production (IIP) figure, we may revise it.
At present, our priority is to control inflation. However, I am confident that the growth will be in the bottom range of 8 per cent for the current year and an average of 9 per cent will be met by the 11th Plan Period. In the next 12 months, inflation will be in the range of 5-6 per cent"
At present, our priority is to control inflation. However, I am confident that the growth will be in the bottom range of 8 per cent for the current year and an average of 9 per cent will be met by the 11th Plan Period. In the next 12 months, inflation will be in the range of 5-6 per cent"
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