Indian economy will grow by 7 percent: Pranab

Minister for External Affairs Prnab Mukherjee said Indian economy would grow by seven per cent this fiscal.

Mukherjee was addressing 81st annual general meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI) on Thursday.

He referred to the latest projections for growth by IMF that says advanced countries would shrink by 2 percent. Mukherjee also said that "India remains committed to work with its friends including the G20 for devising a new global financial structure."

In order to check in the impact of the global financial crisis the government would be looking at several avenues.