Planning Commission says India's economic growth rate is expected to accelerate to eight per cent in the next fiscal from around 6.5 per cent projected for the current financial year. The Commission in its assessment of the economy also expects economic growth to go up to nine per cent in 2011-12, and further to 10 per cent in 2014-15. Official sources said that these assumptions were made by the Planning Commission while projecting the state of government finances before the Eleventh Finance Commission .Indai was registering 8 to 9 percent growth but it came down down dur global economic slowdown.To combat the impact , the government and the Reserve Bank had come up with a host of stimulus measures, including tax cuts and making available liquidity to the cash-starved industries. The sharp revival of the economy is maily due to these steps but it has widened the fiscal deficit to 6.2 per cent last year.