India’s economy is estimated to grow between 8.35 percent and 9.7 percent in the 2010-11

India’s economy is estimated to grow between 8.35 percent and 9.7 percent in the 2010-11 fiscal as experts and think tanks remain divided over the level and speed of the country’s recovery from the recent global financial crisis.While one study expects that moderation in private consumption is likely to pull down India’s economic expansion to 8.35 percent in the second half of this fiscal from 8.9 percent in April-September, another leading think-tank put the country’s real GDP growth in the current fiscal at 9.2 percent.According to a latest report by the global consultant Dun & Bradstreet (D&B), India’s inflation is likely to fall to five percent by March 2011 due to base effect. “But since it is a statistical decline, the common man will not get much relief.
The report, reiterating the concern raised by the Reserve Bank of India in its mid-quarterly review, also warned that rising global crude oil prices may impact inflation.

“The underlying growth momentum for the Indian economy is expected to remain strong with improving consumption and investment, though some moderation would be visible in the headline growth numbers from the current levels.