Planning Commission Deputy Chairman Montek Singh Ahluwalia today said RBI reducing lending rates along with government efforts to bring down
fiscal deficit should boost economic growth this year. 

"I think the lowering of the interest rate by the RBI combined with Finance Minister Pranab Mukherjee's endeavours to bring the fiscal deficit down, should propel the economy upwards this year," he said on the sidelines of a government function. 

Asked whether it was possible to achieve 7.3 per cent growth rate, Ahluwalia said he expected the economy to do better than the previous year.