Indian economy’s growth to match IMF forecast
By IANSThursday, December 2, 2010
NEW DELHI - Indian economy is growing at its full potential and is likely to match the International Monetary Fund’s forecast of over 9 percent, the chief of the multilateral lending institution said Thursday.
“In terms of economic growth and inclusive growth, India’s growth is amazing,” Dominique Strauss-Kahn told reporters after a meeting with Finance Minister Pranab Mukherjee here.
“The growth is exactly following our forecast,” said Strauss-Kahn.
The Indian economy grew by 8.9 percent in the second quarter of this fiscal, latest data on gross domestic product (GDP) showed, beating the government’s own expectations of an 8.5 percent expansion this whole fiscal.
The growth was identical to the 8.9 percent expansion logged during the first quarter and 0.2 percentage points above the 8.7 percent registered in the July-September period of the previous fiscal.
“You are running as fast as you can. More will be probably too much, so far it is very well managed,” said Strauss-Kahn.
