'India's GDP to grow at 9.5% in FY 09'

Agencies

Posted: 2008-06-16 18:49:2905:30 IST

Updated: Jun 16, 2008 at 1849 hrs IST

Mumbai, June 16: : India's real GDP is expected to grow at an impressive 9.5 per cent in FY 09, the Centre for Monitoring Indian Economy (CMIE) said in its monthly review in Mumbai.

The Indian economy is heading towards the fourth consecutive year of an over-9 per cent growth and like in the last five years, growth this year too was expected to be driven by capital investments happening in India, CMIE said.

As per CMIE CapEx Service, projects worth Rs 3.4 lakh-crore are scheduled for commissioning in FY 09. This would be the highest-ever completion of investments in the Indian...