Indian economy projected to grow by over 7.5% this FY: Prez.

President Pranab Mukherjee today said Indian economy was projected to grow by more than 7.5 percent in the current financial year. 

The President noted that for 50 years before independence, the economic growth rate of India was 0 to 1 percent. 

In the 1950s, the growth rate rose to 1-2 percent, while in the sixties 3-4 percent and in the 90s, with economic reforms it increased by 6 to 7 percent, Mukherjee said, while delivering the sixth K S Rajamony Memorial Lecture here. 

Speaking on the topic of India@70, he said in 15 years, Indian economy grew more than 7 percent, making us the fastest growing large economy of the world. 

"And as per the indication of the third part of the current year, it is sure to grow more than 7 and a half percent," he added. 

Mukherjee said such a performance could be achieved only because of the hardwork of farmers and workers.