New Delhi, Nov 10 (PTI) Exuding confidence over India's growth prospects, Finance Minister Pranab Mukherjee today said the country would achieve a "magic" growth figure of 9 to 10 per cent by the beginning of 2012-13.

"I will be happy if I have 7 per cent plus (GDP) for the next year and 8 per cent the year after. After that ...

momentum would gather and it would be possible to have 9 to 10 per cent growth surely during the initial years of Twelfth Plan (2012-2017)," he said at the India Economic Summit here.

India had planned to end the Eleventh Plan with a growth rate of 10 per cent but the global financial meltdown derailed it.

Having recorded economic expansion of 9 per cent in three consecutive years, the growth rate during 2008-09 slipped to 6.7 per cent.