The forecasts for India’s high economic growth have been coming thick and fast. Only late last year the Parisbased Organisation for Economic Cooperation and Development predicted a 5.9% growth for India in 2009 and 7.2% 2010. In his budget speech earlier this year the Finance Minister, Pranab Mukherji, had promised to put the economy on a trajectory of high growth and there have been several occasions when he predicted that India’s GDP would grow at the rate of more than 8%.

Tags: GDP India

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