The government's Chief Economic Advisor, Kaushik Basu, today said that economic growth in the fourth quarter of the current fiscal is likely be around 8.5 per cent, as the economic recovery is beginning to hold. Speaking to reporters in Mumbai, he said that on the back of improving economic prospects, overall GDP growth in the next fiscal is likely to be around 8.5 per cent and could go up to 9 per cent in the year after. Noting that the monsoon and developments in the global economies were beyond the control of policy-makers, Basu said India would have no difficulty in getting back to the 9 per cent growth path if these factors turned favourable. He said inflation has started spreading to non-food items, but is expected to decline from now on, and will be significantly low from the end of May or June.