Kolkata (Agencies): Finance Minister Pranab Mukherjee on Friday said that the economic growth rate would remain between 8.5 per cent and 8.75 per cent for the current fiscal, as predicted in the last year's budget.

Addressing the convocation ceremony of the Indian Statistical Institute here, Finance
Minister Pranab Mukherjee said, "I am sticking to the projection of 8.5 to 8.75 per
cent for the year 2010-11, which I had made in my budget speech."

However, he said the government wants inclusive development and not just a rise in the GDP numbers.

"Growth is not all. We want growth for inclusive development. Direct intervention and confrontation against poverty are the biggest challenge for the management of the
economy," he said.

The success of politicians depend on the how they manage these constraints, he felt.

Urging the youth to come forward in support of inclusiveness, he said that the country's future is safe in the hands of next generation.

"The future is safe in their hands because they don't have any baggage from the past. They are not scared of the challenges that lie ahead of them," Mukherjee said.

A recent survey sponsored by the Reserve Bank of India had revised the country's economic growth projections for the current fiscal to 8.7 per cent, from 8.5 per cent earlier.