Prime Minister's Economic Advisory Council projects a 6.5 per cent growth in the next financial year. This is 0.2 per cent less than this years growth of 6.7 per cent. Addressing a press conference in New Delhi today, the Chairman of the Advisory council Dr. C. Rangarajan said that Indian economy was able to weather the financial crisis well. He said, around 23 per cent deficiency in Monsoon will lower the agriculture output, but projected good prospects for the rabi crop. He said, the food-grains production is estimated to be around 223 million tones next year as compared to 234 million tones this year.