'9% growth forecast difficult to achieve'
The Economic Survey tabled in Parliament by Finance Minister Pranab Mukherjee on February 25 had forecast over 9 per cent growth next fiscal and pegged the current year growth at 8.6 per cent.
Economists at the leading rating and research agencies maintained that achieving the higher projected growth trajectory looks unlikely, given the medium-term macroeconomic trends.
Ashwin Parekh of Ernst & Young said, "The 9 per cent plus growth projection looks difficult to achieve. The past four months have completely changed the macro-economic conditions not only for us, but for the entire global economy.