India is expected to report 6.3 per cent economic growth rate despite the deficient rains and lurking swine flu according to a latest forecast by rating agency Standard & Poor's on Tuesday. The agency hopes that government's measures including stimulus package and easy finance facilities could propel country's economic growth rate for the financial year 2009.

S&P Chief Economist Subir Gokarn said, "We are now beginning to see impact of stimulus measures. Strength of the domestic market will help India maintain a respectable growth." He hoped that decline in agriculture growth will not impact country's overall growth rate and it would be easily offset by growth in industrial production.

Mr. Gokarn added, "If yesterday's number is anything to go by, credit off-take in the coming days would be much better than anticipated."

The rating agency hopes a neutral monetary policy by RBI with the soft interest rate to stay for another 2 to 5 months despite inflationary pressures which is expected to remain for some more time.