India's economic growth rate is expected to 7 per cent during the current fiscal. Asian Development Bank said in its out look for the current financial year that this is mainly due to the impact of continuing global economic crisis.The out look said that Indian economy will only register a moderate increase in growth rate in the current fiscal, up from 6.9 per cent a year ago, and the country would need to push reforms and increase investments to achieve higher economic expansion. The ADB's growth projection at 7 per cent for 2012-13 is lower than government's forecast of 7.6 per cent. Referring to India, the report said that average rate of inflation, after remaining around 9 per cent of the most part of the last fiscal, is expected to be 7 per cent in 2012-13.