Indian Economy Seen Growing at 7.75 pct in 2009/10

The Indian economy may grow between 6.25 percent and 7.75 percent in the financial year ending March 2010, a federal government survey stated on Thursday.
The Economic Survey, a prelude to the annual Union Budget hoped on revival of the domestic economy supported by speedy policy reforms and expected bounce back in the U.S economy.
"If US economy bottoms out by September, there could be possibility for the Indian economy repeating last financial year's performance," the government survey said.

India is Asia's third biggest economy, which grew 6.7 percent in 2008/09, lower than the compound annual average of 8.8 percent in the past five years, analysts said. Finance Minister Pranab Mukherjee will present the Budget on July 6.