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Mix-Ansicht- Indien: 2004 Autoindustrie +20% - zani, 24.01.2004, 13:25
- Blick von Indien aus: Jobauslagerung wächst mit 31-40% - zani, 24.01.2004, 17:23
- Indische Blickweise: Stolz auf ihre Universitäten - zani, 24.01.2004, 17:42
- Indien: IMF prognostiziert Wachstum von 5.6% ; andere bis 7.3% - zani, 24.01.2004, 17:55
Indien: IMF prognostiziert Wachstum von 5.6% ; andere bis 7.3%
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IMF likely to raise India's growth forecast for 2004
13.08 IST 18th Jan 2004
By IndiaExpress Bureau
After World Bank and ADB, the International Monetary Fund is likely to revise upwards India's economic growth projections along with the global economic forecast for 2004.
"We are certainly more optimistic that the global economic forecast will go up," IMF first Deputy Managing Director Anne O Krueger said in New Delhi, adding the US, China and India were some of the countries, which would be main drivers of growth in 2004.
IMF had forecast a 4.0 per cent growth in global economy for 2003, while it was 5.5 per cent for developing nations.
For India, it had predicted 5.6 per cent growth.
"The world economy is now clearly on the upswing.
Recovery in the US is stronger than we had anticipated and the outlook for many regions of the world, including Asia, is brighter than it has been for some time," she said at the IMF-NIPFP conference, which ended yesterday.
She declined to give country-specific figures but said"India has embarked on economic and fiscal reforms. It will be a pity to lose the momentum and not take advantage of high growth." Although World Bank and ADB had revised India's growth forecast to six per cent after the good monsoon, the fund was yet to do so.
On the other hand, Ministry of Finance and RBI has pegged GDP growth at over seven per cent while independent agencies like NCAER have pegged it at 7.3, ICRA at 6.9 and CRISIL at 7.1 per cent.
<ul> ~ IMF..</ul>
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