India’s growth rate impressive: President Patil

New Delhi, Feb 22 (Calcutta Tube) The government’s financial stimulus had yielded ‘handsome results’ and the economic growth of India was likely to improve around 7.5 percent despite the meltdown, President Pratibha Patil said Monday.

‘The global economic slowdown was met by strong policies of administering a domestic stimulus to the economy which has yielded handsome results,’ Patil said in her address to the joint session of parliament that began its budget session Monday.

‘(The) economic growth which had slowed to 6.7 percent in 2008-09 is likely to improve to around 7.5 percent in 2009-10,’ she said.

‘At a time when industrialised countries have experienced negative growth, India has countinued to grow at an impressive rate,’ the president said.

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