News Article

India To Record Higher Growth Rate

Home

MUMBAI, India (May 9) – According to a Reuters survey, economic growth in India will increase during the current fiscal year. India may be the only country in Asia to achieve a growth increase. The economists have trimmed forecasts for gross domestic product (GDP) growth for all other Asian countries, anticipating that they will be […]

MUMBAI, India (May 9) – According to a Reuters survey, economic growth in India will increase during the current fiscal year. India may be the only country in Asia to achieve a growth increase. The economists have trimmed forecasts for gross domestic product (GDP) growth for all other Asian countries, anticipating that they will be affected by their dependence on the slowing US economy and the weak new media sector. The poll of 10 research houses forecast India’s GDP would grow by 6.3% in 2001/02 (April-March), marginally higher than the 6.0% official forecast for the current year ending March 31. Other Asian countries are forecast to post slower growth in 2001, with some like Hong Kong, Singapore and South Korea seen decelerating sharply. India’s growth rate is higher than all nations except China, whose GDP is forecast to grow by about 7.7% in 2001.(SH)

Comment on this article