GDP Growth To Slip To 7.5%;Govt Can't Provide Stimulus : Pranab

New Delhi, Dec 2: The Government today expressed its inability to provide a fiscal stimulus as was given in 2008-09 to boost the economy, which is likely to slow down to 7.5 per cent this fiscal.

“Of course I am not in a position to provide that level of fiscal stimulus which I was able in 2008-09, but certain policy changes can improve the situation a little bit which we are doing,” Finance Minister Pranab Mukherjee said at the Hindustan Times Leadership Summit here.

In the wake of the current global uncertainty, Mukherjee said the growth in 2011-12 may moderate to about 7.5 per cent, down from 8.5 per cent in the previous fiscal. In the Budget for 2011-12, Mukherjee had projected a GDP growth rate of nine per cent plus/minus 0.25 per cent.

From: http://ping.fm/lVa5G