By IANS,
New Delhi : India’s economy will grow at 7.5 percent in the 2010-11 fiscal beginning April 1 and will increase by 8 percent in the year after that, a World Bank report released Monday said.
According to Hans Timmer, director of the World Bank’s Development Prospects Group, the projections are based on growth during the first quarter of fiscal 2009-10.
India’s import volumes are likely to expand and could outpace the recovery in exports, Timmer added.
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