India maintained Monday its economic growth forecast of 8.1 percent for the fiscal year ending March while warning that oil-price driven inflation was a potential problem going forward.
The government's annual Economic Survey, submitted ahead of the budget Tuesday, confirmed estimates made earlier this month for Asia's third-largest economy which grew 7.5 percent in the year to March 2005.
The survey said that inflation and higher interest rates driven by rising global oil prices could curb growth in the coming year to March 2007 and prescribed greater efforts to cut subsidies and improve electricity, transport and other infrastructure to offset the impact.
