India growth to top 5.1%
The Indian government have predicted that India will top the International Monetary Funds (IMF)
projection of 5.1% GDP growth in 2009.
India is beginning to see some positive signs in varying sectors which leads the government to believe that they can achieve top 5.1% GDP growth.
However banks, particularly those in the private sector, have not cut interest rates as much as expected, following the easing of monetary policy by the Reserve Bank of India (RBI).
which is key in keeping the growth moving.
Tags: IMF, Indian GDP, RBI, Reserve Bank of India
April 10th, 2009 at 5:42 am
I too expect so. But still I feel that there is some space left to reduce the interest rates and to make the loan terms more flexible.