The World Bank has warned that rising global interest
rates and economic slowdown could impact India''s growth.
However, the bank''s view is that India would still continue
to be a high growth economy due to its strong macro economic
bank feels that it would be remarkable if the Indian economy
could grow by eight per cent year after year. The Indian
economy grew by 8.4 per cent last fiscal against 7.5 per
cent in the previous fiscal.
Reserve Bank has projected the economy to grow at 7.5-8
per cent this fiscal. To contain inflation, RBI had raised
repo rates by 0.25 per cent on June 8. Despite this, inflation
stood at 5.24 per cent during the week ended June 10.
announcing measures to augment supply of pulses, wheat
and sugar, finance minister P Chidambaram today said more
fiscal and monetary measures, if needed, would be taken
to curb inflation, which could put upward pressure on