India poised for 7-8% growth: PM

Prime Minister Manmohan Singh today said India is poised to deliver 7-8% economic growth in the next fiscal.

"The growth rate has almost been 7% this year on the back of 8% in the previous year. All indications at the moment are that we may be able to deliver a 7-8% growth even next year," Singh said after inaugurating the centenary celebrations of the PHDCCI today.

"It is undeniable that India is at a cusp in its development trajectory," he said adding "the government is committed to putting in place a set of policies that will provide the necessary environment for making this growth possible."