The sources in the finance ministry has forecasted the growth rate of 8 percent for the current financial year. The finance minister, P Chidambaram expressed hopes that the country would register growth rate of 9 percent in the financial year 2009-10. He said that the global financial crisis would hardly affect India as India has less exposure in the US market. 

There would be indirect impact of global financial crisis on Indian economy. The government is closely watching the global financial scene and doing its best to galvanize India from its adverse impact. The finance minister also attended the NDTV Business Leader of the Year Awards function on Monday evening.

He said that the country has witnessed growth in various tax collections and imports and exports. It indicates the sound health of Indian economy. The export of country increased to 35.1 percent and import increased by 37.7 percent. He also welcomed and appreciated Indian industry and business community for their positive investment proposals.