<h1>Indian Economy Projects 6-7% Inflation, Over 7% Growth by March 2012; Moderate Upswing Expected in 2012-13.</h1> The Indian economy is projected to have an inflation rate between 6% and 7% and a growth rate above 7% by March 2012. In 2010-11, the GDP grew by 8.4%, with agriculture, industry, and services sectors showing varied growth rates. Savings and investment rates declined slightly. The Ministry of Finance anticipates a moderate economic upswing in 2012-13, supported by improved industrial performance, particularly in manufacturing. Credit growth to the manufacturing sector increased, and indicators like HSBC PMI and UBS LEI suggest strong conditions. Coal and cement production, along with electricity sector growth, also showed positive trends. Inflation moderation may boost investment.