Growth prospects better, FM warns against EU crisis'

New Delhi, Dec 7 (PTI) The Government today attributed higher economic growth projected in the mid-year economic analysis for this fiscal than the Economic Survey to robust economic expansion in the first half.

It, however, cautioned against the impact of fragile European recovery on Indian economy.

Finance Minister Pranab Mukherjee told reporters that a sizable percentage of Indian exports are destined towards Europe.

"Therefore, the recovery-rather rapid and robust recovery- of Europe is important from India's point of view," he said.

The analysis, tabled in Parliament today, projected economic growth in the range of 8.75 per cent plus or minus 0.35 per cent.

This is against 8.5 per cent plus or minus 0.25 per cent projected in Economic Survey, brought out in February this year.

"Our assessment... CSO has already projected in first two quarters... growth is 9 per cent. It was originally 8.