Quickened pace would allow govt to wind down stimulus

NEW DELHI: India's economic growth may surpass 8 percent in the coming financial year, Finance Ministry projections showed, allowing scope for a reduction in stimulus measures that would help the nation restrain its debt burden.

"The economy has posted a remarkable recovery from the global recession," according to the annual Economic Survey prepared by officials advising Finance Minister Pranab Mukherjee, released in New Delhi yesterday.