India: recovery could be on the way
02/07/2009
The Indian government has predicted that the country’s economy could rebound to grow by as much as 7.75% this financial year (April to March).
The prediction came in an official economic survey that the government has published ahead of announcing a new national budget report.
Observers said that if this forecast is to prove correct, important export sectors, including leather, must return to what they call a high-growth path. This, in turn, depends on economic recovery and increased consumer demand in target markets such as the US.
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