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1st LD Writethru: India expects growth to hit 8 pct in coming fiscal year

Xinhua, February 27, 2015 Adjust font size:

Indian government Friday presented a rosy picture of economic perspective in the coming fiscal year which starts in April, saying the country's GDP growth could surpass eight percent in the fiscal year.

In an economic survey tabled by Finance Minister Arun Jaitley to the Parliament, the government said the inflation is on the decline, while the target to cut public deficit could be met in the 2015-16 fiscal year, giving hope of expanding public spendings.

It said the growth will be mainly domestically driven. It also pointed out that rural potentials must be tapped to sustain growth, especially in financial sector. Endi