Resilient India
With the world’s most developed economies reeling under the incubus of what is already being called the Great Recession, India at the beginning of the year issued a revised forecast of 7.1% GDP growth in the 2008-2009 fiscal year. So, for those looking for signs of recovery from the global economic downturn, India remains the place to watch.
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NEW DELHI – With the world’s most developed economies reeling under the incubus of what is already being called the Great Recession, India at the beginning of the year took stock and issued a revised estimate for GDP growth in the 2008-2009 fiscal year. Its projection came out at a healthy 7.1%.