Indian economy could see 6 per cent growth this year
A report from the Indian government today predicts accelerated growth for the nation’s economy this year, with 6 per cent the expected rise. The country’s relatively new administration will announce its budget tomorrow and the figures are in line with the government’s stated aim to get the country’s economy back on track; at one time it was usually predicted for growth alongside China but has slipped back considerably. High inflation and interest rates have been a major issue, but the Finance Ministry believe inflation will begin to moderate by the end of the year allowing the possibility of lower interest rates. Read the full story.