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Article: Indian economy to grow close to 8 pc in 2008 : Deutsche Bank.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- August 10, 2008
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Indian economy to grow close to 8 pc in 2008 : Deutsche Bank
New Delhi, Aug 10 (PTI) The Indian economy is expected to grow by close to 8 per cent in 2008, notwithstanding, the slowdown in the global economy, Deutsche Bank Chief Economist Norbert Walter has said.
"Lot of underline strengths are there which will keep growth prospects strong at a time when there is global economic downswing," he said at a lecture here.
Factors like rise in fixed capital investment as percentage of GDP, favourable monsoon and low external debt would keep growth momentum strong, he said.
For the entire current fiscal, the Prime Minister's Economic Advisory ...