The Indian economy has the potential to grow by almost 8 per cent this year as successful policies and improvement in the west help it recover from the global financial crisis, the finance ministry said yesterday.
The forecast in the government's economic survey, an authoritative assessment of the past year's economic performance presented in parliament, comes days before Monday's national budget.
The economic survey is also the weightiest indicator of future policy since the ruling Congress party alliance's emphatic victory at the polls little more than a month ago, delivering a second term in office for Manmohan Singh, prime minister.
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