Monday, November 15, 2010

IMF PROJECT INDIA'S GROWTH AT 9.7 % IN 2010

The International Monetary Fund (IMF) raised India's growth forecast for 2010, citing robust
industrial output and strong macro-economic indicators, but warned that global economical recovery remained fragile. Indian economy will expand 9.7% this year, up from July forecast of 9.4%, IMF said in its World Economic Outlook Report. Asia's third largest economy is projected to slow down to 8.4% in 2011.

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