FY10 growth may exceed 7.75%: Finance ministry

The economy could grow more than 7.75% in the fiscal year to March 2010, the finance ministry said in a report to parliament.                                           

The ministry said the Economic Survey 200809 in July had projected GDP growth could be around 7.0%, with an allowance of 0.75% points on either side.                                           

"With the latest GDP data on Q2 (July-Sept) of 2009-10 being higher at 7.9%, the growth outlook for the next two quarters and for the whole year is likely to be in the upper bound of the range predicted; and may even exceed it," the report said.