The Reserve Bank of India hopes better profitability of corporate sector for the ongoing fiscal as also pointed out by a survey of Professional Forecasters. The survey projects 10 per cent growth of corporate sector as the demand in national and international markets is picking up slowly.

The survey earlier projected a growth at 7.5 per cent for the sector. The growth figures are also revised for the financial year 2010-11 to 14.5 per cent against 15 per cent in the last survey.

The Apex bank said, "For industry, the forecasts have been revised upwards from 4.8 percent to 6.3 per cent whereas for the services sector, there was modest downward revision from 8.3 per cent in the earlier survey to 8.1 percent in the current survey."

Indian GDP growth has been pegged at 6 per cent for the current fiscal on accounts of rising demand across all key segments. Similarly, inflation rate has been pegged at 4 per cent against 2.5 per cent in the previous survey. The respondents are hopeful of inflation range of 6-6.9 per cent range in 2009-10 and 5-5.9 per cent in 2010-11.