India to Grow at 8-9 % Rate: World Bank

World Bank President Robert Zoellick has said that India’s growth rate will be 8-9% over the next couple of years.

“India’s growth rates could over the next one to two years see a return to the 8-9 per cent envisaged in the country’s 11th (Five-Year) Plan,” said Zoellick.

For the current fiscal, the government has been pegging economy’s growth rate to 6.5 to 7 per cent.

“India has emerged from the economic crisis with a clear vision of what it will take to accelerate back to earlier growth rate and beyond,” said Zoellick.

“Its strong fiscal and monetary policies had helped counter the decline in exports and withstand some of the external shocks brought on by the multiple food, fuel and financial crisis,” he added.