IMF projects India’s GDP growth at 8.2% in 2011 and 7.8% in 2012 and China’s GDP growth at 9.6% in 2011 and 9.2% in 2012
The International Monetary Fund (IMF) today said that further increase in key policy rates and the base effect are likely to pull down India’s gross domestic product (GDP) to 8.2 per cent in 2011 and further down to 7.8 per cent in 2012 from a double-digit high of 10. 4 per cent in 2010. The …