New Delhi, Oct. 3 -- India is likely to register around 7 per cent economic growth this year, with the momentum in the second quarter looking good despite concerns over higher oil prices and deficient rainfall, Nilesh Shah, Member of the Prime Minister's Economic Advisory Council, said on Saturday.

Speaking to ANI on the sidelines of the 5th edition of the Kautilya Economic Conclave, Shah said he expected India's growth to remain around 7 per cent in the future.

"I think our growth will be around 7% in the future. The momentum of the second quarter is good. Obviously, there are concerns. Higher oil prices. Deficit of rain. But I expect 7% growth this year," Shah said.

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