April 3, 2009

7.3 percent growth possible in India

Additional fiscal stimulus measures could push India's economic growth rate to 7.4 percent in 2009, a government report said.

The Planning Commission report said, If a major (additional ) effort to further increase public investment in construction can be mounted, we can have a higher growth rate, the Press Trust of India reported Friday.

Without new spending to boost construction hiring, the country's economic growth rate was likely to hit 6.3 percent this year, the report said.