While talking to the press during a function organized by Small Industries Development Bank of India (SIDBI) in New Delhi on Friday, the finance minister, Pranab Mukherjee said that the Union Budget will act as the necessary push to private investment.

He said that the budget for the financial year 2010-11 is such that it can easily push the private investment, which in turn can put the economy on track for growth which is going to be 9 per cent. This escalation is going to be possible because of a host of initiatives that the government has taken.

He said that he was very optimistic about the growth in the economy, which has gained momentum and is back on track.

Pranab further added that the current financial year will be good. The economy is expected to grow by nothing less that 8.25-8.75 per cent.

Meanwhile, the prime minister, Manmohan Singh is sure that 9 per cent is not unachievable, at least by 2012.

With the 11th Five Year Plan coming to an end, this is the time for the government to show what they had promised.