Monday, December 03, 2007

India can sustain rapid growth for 20 years

India can keep up its scorching economic growth for the next two decades, stoked by strong investment and capital inflows, the finance minister forecast on Sunday. But at the same time Finance Minister P. Chidambaram told an international conference that Asia's third-largest economy was lagging in achieving financial reforms and would miss some key United Nations development targets. Also, while India and China and the rest of the developing world are now the main global growth drivers, economic power "still resides with... CNA

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