The Weekend Leader - After slowdown, India set to grow: World Bank

After slowdown, India set to grow: World Bank

Arun Kumar   |  Washington

16-January-2013

After a sharp slowdown pushing down its projected growth to 5.4 percent in the fiscal year ending March 2013, the World Bank expects India to grow at 6.4 percent this year, rising to 7.3 percent by 2015.

The slowdown in India, South Asia's largest economy, also weakened growth in the region to an estimated 5.4 percent in 2012 (7.4 percent in 2011), said the World Bank's latest Global Economic Prospects, issued Tuesday.

Regional GDP is projected to grow by 5.7 percent in the 2013 calendar year, and by 6.4 percent and 6.7 percent in 2014 and 2015, respectively, driven by policy reforms in India, stronger investment activity, normal agricultural production, and improvement in export demand. - IANS

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