More jobs, higher returns on investment, greater opportunities. This is the implication of the 9.4 per cent growth projection for India during January to December 2010 by the International Monetary Fund (IMF). This projection is more than double the world’s growth rate of 4.6 per cent. Higher than
related stories
- PM eyes double digit growth for Indian economy in 2-3 yrs
- IMF warns of 'downside risks" in Asia
- Europe may hold up recovery: IMF
the Reserve Bank of India’s 8 per cent and the government’s 8.5 per cent projections, this growth would be buoyed by healthy profits of corporations that go ahead with their expansions to meet rising domestic demand, the IMF said on Thursday.
India’s projection is second only to China’s 10.5 per cent. The Asian duo will lead the global recovery that has been battered by two years of economic crisis, the global lender said in its latest World Economic Outlook.
No comments:
Post a Comment