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World Bank growth forecast
NEW DELHI,
JAN. 3.
The World Bank said today it would "more or less'' stick to its forecast of 6.5 per cent growth rate for the Indian economy despite the damage suffered by the country in tsunami tragedy.
"We have not estimated the impact of tsunami on the Indian economy. But we can say that it will not significantly change our outlook for fiscal 2004-05,'' World Bank Country Director, Michael Carter, told mediapersons on the sidelines of a seminar on `development and nationhood' organised by the Federation of Indian Chambers of Commerce and Industry. — PTI
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