New Delhi, Jan 08 (Agencies): Prime Minister Manmohan Singh on Saturday said the Indian economy is likely to grow 9-10% from the next financial year that starts April.

Despite the prevailing uncertainty on the international front, the country has recovered well from the 2008 global financial turbulence, he said.

"This growth (of 9-10%) is vital to fund our ambitious social development program and to create employment for our young population," the PM said in his address at the annual Pravasi Bharatiya Divas.

The PM said that India's GDP was expected to expand around 8.5% for the current year.

"In the last two quarters our growth rate has been 8.9% and we expect that for the entire year it will be around 8.5%," Singh said.