Economy to grow 7-7.5 pc in current fiscal year: Plan Panel

Economy will expand at 7-7.5 per cent in the current fiscal year that began in April, Kirit Parikh, a member of the Planning Commission said on Friday. "I think the worst is over," he told reporters on the sidelines of an energy conference. His estimate is higher than the Reserve Bank of India's projection of around 6 percent in the 2009/10 fiscal year. "We will see a turnaround. We are seeing a turnaround and we will get something like about 7.5 percent growth rate," Parikh said.