India to grow 8-9 per cent in next two years: World Bank | delhi | Hindustan Times
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India to grow 8-9 per cent in next two years: World Bank

World Bank president Robert Zoellick today said India's growth rate over the next couple of years will be 8-9 per cent. He further added that India has emerged from the economic crisis with a clear vision of what it will take to accelerate back to earlier growth rate and beyond.

delhi Updated: Dec 04, 2009 21:06 IST

India's growth rate over the next couple of years will be 8-9 per cent, World Bank president Robert Zoellick said in New Delhi on Friday.

"India's growth rates could over the next one to two years see a return to the 8-9 per cent envisaged in the country's 11th (Five-Year) Plan," said Zoellick.

The government has been pegging the economy's growth rate for this fiscal around 6.5-7 per cent.

"India has emerged from the economic crisis with a clear vision of what it will take to accelerate back to earlier growth rate and beyond," said Zoellick.

"Its strong fiscal and monetary policies had helped counter the decline in exports and withstand some of the external shocks brought on by the multiple food, fuel and financial crisis," he added.