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April 30, 2011

IMF projects India’s GDP growth at 8.2% in 2011 and 7.8% in 2012 and China's GDP growth at 9.6% in 2011 and 9.2% in 2012

The International Monetary Fund (IMF) today said that further increase in key policy rates and the base effect are likely to pull down India’s gross domestic product (GDP) to 8.2 per cent in 2011 and further down to 7.8 per cent in 2012 from a double-digit high of 10. 4 per cent in 2010.

The IMF forecasts China's economy is expected to grow 9.6 percent in 2011 and 9.2 percent in 2012



Under the best case scenario, a report prepared by the multilateral lending agency Asian Development Bank (ADB), said Asian nations would account for 52 per cent of the global economic output , followed by Europe at 18 per cent and North America at 16 per cent by 2050.

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