Leading economists feel that the economy is likely to grow in the range of

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6.7 to 7.4 per cent in the current fiscal, the estimates of which will be released by the government on Monday.

"The growth is likely to be at 6.7 per cent in the current fiscal," leading rating agency Crisil's principal economist Dharmakriti Joshi told PTI, adding the third quarter GDP growth could fall to 6 per cent but the growth accelerate in the fourth quarter and touch 8 per cent.

However, Yes Bank chief economist Shubhada Rao, is confident of a much better growth rate saying, the economy is likely to grow by 7.4 per cent in the current fiscal.

After growing at 9 per cent in three preceding years, GDP growth slipped to 6.7 per cent in the past fiscal, impacted by global financial crisis.

In the first quarter of the current fiscal, the economy registered a growth rate of 6.1 per cent. However, beating expectations of analysts, the GDP grew by an astonishing 7.9 per cent in the second quarter.

On Saturday, Prime Minister Manmohan Singh said the economy is expected to grow by 7.5 per cent this fiscal, similar to what was projected by the Reserve Bank.