India economy can grow at least 8 pct per yr-RBI

India's central bank chief said on Feb 20, 2001 said he was confident the country could post annual growth of at least eight percent in the medium term. He added the economy was resilient enough to handle external and internal shocks such as last month's earthquake in the state of Gujarat.

"I have confidence in our future," Reserve Bank of India (RBI) Governor Bimal Jalan told a business gathering. "I believe that given the entrepreneurial and individual ability and above all our collective co