The Indian economy has grown at a rate above expectations and may touch an annualised 9 per cent in the current fiscal year, an economic advisor to the prime minister said Sunday.
The gross domestic product growth rate was above an earlier projection of 8.5 per cent and already close to 9 per cent, C Rangarajan, chairman of Prime Minister Manmohan Singh's economic advisory council was quoted as saying by PTI news agency. The first half of the fiscal year, which runs through to March, has already recorded 8.9 per cent growth, Rangarajan said.