By the end of the year, India's economy could record 7% growth, provided the nation makes necessary reforms.
From Reuters:
India could see growth this year of roughly 7 per cent and then resume the faster expansion of recent years, provided it makes sweeping reforms including removal of fuel subsidies and accelerates infrastructure development, a key government report said.
The economic survey prepared by the finance ministry, released ahead of Monday's budget announcement for the fiscal year ending in March 2010, said inflation is no longer a worry and called for an urgent return to the targeted fiscal deficit of 3 per cent
India's fiscal deficit ballooned to 6.2 per cent in 2008-09 as the government unleashed stimulus spending to insulate the economy against the global downturn.
