The 8.2% growth projection for the Indian economy in FY12 is not "disappointing", in light of the uncertainty in major economies the world-over, Finance Minister Pranab Mukherjee said here today.
"In the overall global scenario, when European recovery is fragile and US recovery is uncertain, I don't think that 8.2% (projected growth) is disappointing," he told reporters here.
The Prime Minister's Economic Advisory Council (PMEAC) yesterday lowered the country's GDP growth projection for the current fiscal to 8.2% from 9% earlier, citing the uncertain global outlook, high domestic inflation and subdued industrial performance.
The Finance Minister, however, noted, "There are certain aspects which are also positive," like impressive export growth and a reduction in India's current account deficit.
The robust growth in exports indicates that Indian merchandise has found a diversified global market, he added.
During the April-June quarter, exports grew by 45.7% to $79 billion.