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India’s GDP growth rate forecast has been trimmed to 7.5 plus or minus 0.25 per cent during 2011-12. This growth forecast is reflected in the mid-year analysis of the economy tabled in the Lok Sabha by the Finance Minister, Mr Pranab Mukherjee, here today. India’s economic growth for 2011-12 was earlier this year forecast at 9 per cent in the Economic Survey.
“We expect some revival next year but outlook remains mixed. Given that India’s fundamentals are strong, if Europe and the US remain stable, it should be possible for us to get back close to our long-run target of 9 per cent,” says the mid-year analysis.
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