RTTNews - India's Finance Minister Pranab Mukherjee said that the country could grow 6% in the current fiscal, adding there was no concerns on pursuing financial reforms and divestment, reports PTI.
He said that the country averaged 8% growth for the past five years and the growth rate was 6.7% in 2008-09. It might be difficult to estimate the growth this year due to drought but would be above 6% provided there were no hindrances.
Mukherjee said that the second half of last fiscal turned to be hard due to the high prices of petroleum products, high inflation and the global financial crisis. He said that the excess liquidity should be mopped up and the two packages announced by the Prime Minister late last year due to the global crisis helped to control the weakening growth.
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