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INDIA: ADB EXPECTS INDIAN ECONOMY TO GROW BY 6% IN 2002.(Asian Development Bank)(Brief Article)

IPR Strategic Business Information Database, April, 2002

The Asian Development Bank has released a report which states that the Indian economy is expected to slightly recover in 2002, and should grow by 6% compared to the 5% growth posted in 2001. In addition, the ADB expects the Indian economy to grow by between 6.5% and 7% in 2003, according to The Times of India.

The ADB's report states that India will profit from the US rebound and from the global economic recovery, and this should stimulate export growth and industrial production. -(EMEconomy.com)

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