BUSINESS

Rediff.com » Business

Growth may be 7% this fiscal
Source: PTI
March 18, 2009 12:34 IST

Planning Commission member Abhijit Sen on Wednesday said growth in the next fiscal may reach seven per cent due to the stimulus packages already introduced.

"(Five per cent) was the worst case calculation without any stimulus package. But as we know, there were stimulus packages, which can add 1.5 to 2 per cent, effectively taking GDP growth to 6.5-7 per cent in 2009-10," he said.

On deflation he said, "I personally do not see any threat of generalised deflation, though it (might happen) in some sectors."

Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
© 2024 Rediff.com