INTERVIEW - Economy seen growing 7.5-8 pct over next few yrs - Ahluwalia (Reuters)

NEW DELHI (Reuters) ? The economy is expected to grow 7.5-8 percent over the next few years if it is "business as usual", Montek Singh Ahluwalia, deputy chairman of the Planning Commission, told Reuters in an interview on Friday.

He also said the economy is expected to grow 8 percent with a downside risk in the current fiscal year to end-March 2012.

India's domestic demand driven economy grew 7.7 percent in the April-June period, its weakest pace in six quarters, but outperformed even gloomier predictions.

Many private economists have cut growth outlook citing policy paralysis, high inflation and rising interest rates.

(Reporting by Abhijit Neogy and Paul de Bendern; Editing by Ranjit Gangadharan)

Source: http://us.rd.yahoo.com/dailynews/rss/india/*http%3A//news.yahoo.com/s/nm/20110916/india_nm/india593783

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