3G Auction would help Indian Economy : Pranab Mukherjee

Speaking at the annual Economic Editors Conference in Delhi on Oct 26, Finance Minister, Pranab Mukherjee stated that auction of 3G and broadband spectrum and disinvestment proceed would help Indian economy to meet its expected growth.

For thb current fiscal in 2010, Mukherjee nailed the economic growth at 8.25-8.75 per cent.

Though the finance minister assured the economic growth, but he also informed that food prices would continue to drive inflation for some time.

Stating about the gross tax revenue growth and proceeds from the spectrum sale, Mukherjee also hoped that economic growth of India would surpass 9 percent in near future.