Indian economy to grow at 6%: Deutsche Bank.
Economic Times (New Delhi, India), August, 2005
Aug. 20--MUMBAI, India -- Deutsche Bank is the latest in a growing list of entities and commentators gung ho over the India growth story in the long run. The Indian economy could be on course to grow at an average 6 percent over the next 15 years.
This is even if reforms are carried out at a measured pace, according to a baseline scenario projected by Deutsche Bank's global research unit. Europe would like to see India taking the lead in integrating with other Asian countries, which could help propel further growth in the region, according to the chief economist of Deutsche Bank group, Norbert Walter.
The bank has identified the structural drivers of growth for the country as human capital, opening up of the economy, growing trade alliances, lowering...
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