World Bank Says Indian economy will grow Upto 6.9% in Year 2012-13

The world bank says that the Indian economy will grow by 6.9% in this financial year 2012-13 not with standing problems like policy uncertainties, fiscal deficit and inflation. India will see growth increasing to 6.9%, 7.2% and 7.4% in fiscal years 2012-13, 2013-14 and 2014-15.


India's economic growth rate in 2011-12 slipped to a nine-year low of 6.5%. The economy had expanded by 8.4% in the preceding two years. For the current fiscal, the government has pegged growth at 7.6%. Considering global uncertainties and domestic woes, this growth rate could be tall order for the country.


According to World Bank, developing nations should prepare for a long period of volatility in the global economy by re-emphasising on medium term development strategies.

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