New, Delhi, Oct 01,2007 : According to an estimate by UNCTAD, the Indian economy is expected to grow at 8.5 percent during the current financial year, ending March 2008. The forecast of UNCTAD Trade and Development Report, 2007 is well below the 9.3 percent growth recorded in the April-June quarter of this year. Strong manufacturing and services have kept India's economy steaming ahead at a much faster pace than expected but analysts feel the tempo could slow slightly later in the year.