New Delhi (Agencies): With the rising inflation and imbalances in trade, Finance Minister Pranab Mukherjee on Monday said the 8.6 per cent economic growth estimated for the current fiscal was satisfactory.

"An 8.6 per cent is quite encouraging despite all these difficulties. Now the other issue is inflation, trade balance these are to be addressed," Mukherjee told reporters here.

Mukherjee said despite challenges "it is quite encouraging that it (GDP) is not deteriorating."
The Central Statistical Organisation (CSO) estimated economic growth for the current financial year at 8.6 per cent, as against eight per cent a year ago.

"All along I was maintaining, it should be around 8.5 per cent plus. 8.6 per cent is accepted. My concern is also about the inflation and trade balance," he added.

The 8.9 per cent growth in the first half of the current fiscal notwithstanding, the government is battling high inflation, particularly food inflation.

The food inflation is ruling at 17.05 per cent for the week ended January 22.