The International Monetary Fund (IMF) expects Indian economy to grow by 8.8 per cent during the current financial year, up from 7.4 per cent a year ago, mainly driven by robust growth in farm sector and pick up in consumption.The multilateral lending agency, however, expressed concern over rising prices and underlined the need for controlling inflationary expectations by more monetary actions by the Reserve Bank.The IMF came out with a report after Article IV consultations with the Indian officials which said, this year's growth is already benefiting from the rebound in agriculture and pick up in private consumption and employment prospects have improved and disposable income continues to rise. The economy expanded by 8.9 per cent during the first half of the current fiscal and, according to the government estimates, may revert to the pre-global crisis level of 9 per cent growth.However, the IMF has projected moderation in growth form the current high levels to 8.1 per cent next fiscal.