India's economy will revert to the pre-crisis growth level of 9% in the next financial year.
"The Indian economy is expected to grow at 9% with outside band of (+/-) 0.25% in 2011-12," Finance Minister Pranab Mukherjee said while unveiling the Budget proposals for 2011-12.
He said the Indian economy has regained the pre-crisis growth momentum, but there is a need for adjustment in the composition in demand and supply side.
"We have to ensure along with private consumption revival in private investment is sustained and matches pre-crisis growth rates at the earliest," Mukherjee said.
Indian economy has already reverted to the high growth path recorded by 8.9% in the first half of the current fiscal.
As per the CSO data released today, in the third quarter (October-December) the country's Gross Domestic Product (GDP) grew at 8.2%.
In the current fiscal, the economy is expected to expand by 8.6%.
Even the pre-Budget Economic Survey tabled in Parliament last week expected the real GDP to grow by 9% (+/-0.25) in 2011-12.
For the current fiscal, the economy is expected to grow at 8.6%, it said.
The Indian economy had grown at a rate above 9% for three consecutive years, starting 2005-06, before the global financial meltdown brought it down to 6.8% in 2008-09.