India to grow 7.5% next fiscal: World Bank
Economic Times, February 2, 2010, Page 9
NEW DELHI: The World Bank on Monday said that India is likely to grow at 7.5% in the next fiscal, while for the current fiscal its estimate is a modest 6%. This comes at a time when global recovery remains fragile and is expected to slow as the impact of the fiscal stimulus measures wanes. India is expected to grow at 7.5-8% in fiscal 2010-11 and 2011-12, well above the 6.4% average posted during 1995-2005, said the banks Global Economic Prospects 2010 report. The World Bank sees the economy growing at 6% in the current fiscal. Government’s quick response in easing monetary policy and counter-cyclical fiscal policy measures have supported domestic demand, said report’s author Hans Timmer, director World Bank Prospects Group.
Economic Times, February 2, 2010, Page 9
NEW DELHI: The World Bank on Monday said that India is likely to grow at 7.5% in the next fiscal, while for the current fiscal its estimate is a modest 6%. This comes at a time when global recovery remains fragile and is expected to slow as the impact of the fiscal stimulus measures wanes. India is expected to grow at 7.5-8% in fiscal 2010-11 and 2011-12, well above the 6.4% average posted during 1995-2005, said the banks Global Economic Prospects 2010 report. The World Bank sees the economy growing at 6% in the current fiscal. Government’s quick response in easing monetary policy and counter-cyclical fiscal policy measures have supported domestic demand, said report’s author Hans Timmer, director World Bank Prospects Group.
Posts
No comments:
Post a Comment