The farming sector is expected to grow by as much as 9%
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India's economy is expected to grow by over 8% in 2003/04, boosted by a rebound in the country's farming sector, officials have said.
The best monsoon in 10 years has helped the economy recover from meagre 4% growth in 2002/03, the Central Statistical Organisation said.
The farming sector, a mainstay of India's economy, is predicted to grow by 9% over the forecast period.
Higher rural incomes are predicted to boost demand for manufactured goods.
Political gain
The services sector, which drives India's economy, is set to grow 8.4% in 2003/04 compared with 7.1% in the previous year.
Finance Minister Jaswant Singh said last week his country's economy had "never been better", and that it was India's "national destiny" to be a leading global power.
India's government has already increased its growth forecast for 2003/04 to 7.5-8%, up from 7% in its interim budget published last week.
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