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World Bank sees 6 percent growth for India

March 12, 2013 at 5:41 AM

NEW DELHI, March 12 (UPI) -- India's economy is expected to grow 6 percent next year, World Bank President Jim Yong Kim said in New Delhi.

"We think India is going to grow by 6 percent next year and we hope for more increase in future," he said after meeting with Indian Finance Minister Palaniappan Chidambaram.

India's growth rate is hovering at a decade low of about 5 percent but the country's Economy Survey predicts the rate will be more than 6 percent next year, The Hindu reported.

"The growth rate of 5 percent here is one that has been somewhat disappointing but we are very encouraged by what has happened and what will happen," said Kim, who was on a three-day visit to India.

"We think India will get back to higher levels of growth and I was very impressed with all the things done by the Minister [Chidambaram] and his team to ensure that there is that growth in future."

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