Achieving 7.5% growth in FY13 tough task: Montek

Falling rupee and high inflation would make it difficult for India to achieve 7.5% economic growth during the current financial year, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. "The Finance Ministry has said they are hoping for a 7.5% growth this year. That is going to be tough but not impossible," Ahluwalia told PTI. He said while the last quarter did not show robustness, it remains to be seen how growth in the first quarter of the current fiscal will fare. "It is going to be a slow transition," he said, adding that in India "we need to get out of a what looks like a decelerating growth phase .. And move to the growth path." Source:PTI