India will have cut oil, food and and fertiliser subsidies and even consider raising their prices to touch 9 per cent growth in the coming years and put fiscal consolidation back on track. While the economy will grow 9 per cent in 2011-12, the terminal year of the Eleventh Plan (2007-08 to 2011-12), the average growth rate during the five-year period will be only 8.1 per cent.