PM Singh sees FY12 GDP growth at 7-7.5%

India's economy is expected to grow by 7 to 7.5% in the current fiscal ending March, Prime Minister Manmohan Singh said in a speech on Friday.

Gross domestic product grew 8.4% in the year to March 2011.

Growth is slowing after a prolonged bout of monetary policy tightening that saw 13 interest rate increases since March 2010, as well as sluggish investment and weak global conditions.