India's Finance Minister Pranab Mukherjee said Wednesday the economy was likely to grow above the projections, media reports said.
He pointed out that the economic survey of 2008-09 had predicted the economic growth at 7.75% for the current year.
Mukherjee said the country's economy grew 7.9% in the second quarter this year and the outlook for the remaining quarters of the year was likely in the upper bound range of the projections.
The Central Statistical Organisation in its advance estimate has projected 7.2% growth while the Centre for Monitoring Indian Economy estimates it at 7.75%. The RBI forecast 7.5% while the IMF expressed confidence that India would grow 7.75% this year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.