Economic growth to slow down to 7 pc this fiscal: PMEAC chief

New Delhi, Nov 8 (PTI) In the face of the global economic
downturn, Chairman of the Prime Minister's Economic Advisory
Council Suresh Tendulkar Saturday said he expects India's
G.D.P. to grow this fiscal by around 7 percent.

The Prime Minister's Economic Advisory Council
(P.M.E.A.C.) had forecast an economic expansion by 7.7 per
cent in its June review.

"We will have a relook at our projections in January. My
gut feeling is it could be seven percent, one or two
percentage points here and there," Tendulkar told reporters
here on the sidelines of a Planning Commission review meeting
on the country's macro-economic situation.


The Reserve Bank of India, in its latest policy review on
October 24, projected the G.D.P. growth of 7.5-8 percent.

"That (7 percent growth) should not worry us. We will
still be recording second highest growth rate (in the world),"
P.M.E.A.C. Chairman said.

India recorded an economic growth of nine percent in
2007-08.