Finance Minister Pranab Mukherjee expressed confidence that the measures announced in the Budget for 2010-11 would revive private investment and put the economy back on a 9 per cent growth trajectory. "I am optimistic that the measures I have outlined in this year's budget will revive private investment and put the economy back on the growth path of 9 per cent," he said at a SIDBI function in New Delhi. He said that the economy in 2009-10 is expected to grow by 7.2 per cent,which is "impressive by global standards". In the current fiscal (2010-11),Mukherjee said,the economy would expand by 8.25-8.75 per cent. Yesterday,Prime Minister Manmohan Singh had exuded confidence that the economy can get back to 9 per cent growth by the end of 11th Five-Year Plan (2007-2012) and do even better thereafter. After clocking an impressive 9 per cent growth for the previous three fiscals till 2007-08,India's GDP grew by a relatively modest rate of 6.7 per cent in 2008-09.
