Kolkata, March 12 (IANS) India's gross domestic product (GDP) would be around 8.2 percent next fiscal, Chairman of the Prime Minister's Economic Advisory Council C. Rangarajan said Friday.

'In the current fiscal (2009-10) we would clock 7.2 percent GDP and 8.2 percent in the next fiscal (2010-11),' he said, addressing a conference organised by the Calcutta Chamber of Commerce.

To achieve a growth rate of 7.2 percent in 2009-10, the economy needs to grow at 8-9 percent in the January-March quarter, a growth rate he said is achievable with robust industrial production and expectation of a good Rabi crop.

Rangarajan expects a growth rate of 9 percent in 2011-12.

'Indian economy can grow between 8-9 percent through augmentation of domestic demand, but for the economy to grow beyond 9 percent, we need a overall world environment to be favourable,' he said.