Economy to grow 9.1% in 2008-09: CMIE
MUMBAI: India's economy is expected to grow by 9.1% in the next fiscal year beginning April, fuelled by robust investments and buoyant consumer spending, the Centre for Monitoring Indian Economy (CMIE) said in its monthly review released on Monday. "With fresh investment proposals continuing to pour in, we expect the current economic growth to be sustained in the near future," it said. CMIE expects the economy to grow by 9.1% in 2007-08 too, higher than the central bank's forecast of 8.5%.