India's Economy Set for Rebound

India's finance ministry reports that the country's economy will bounce back to pre-financial crisis growth levels of 9% in two years, and could become the world's fastest expanding economy in four years, reveals an AFP report published by the Strait Times.

 

The ministry's economic survey for the fiscal year to March 2010 projected economic growth would reach 8.75% in 2010-11, accelerating to over 9% in the following year.

 

The survey notes that India's economy was one of the least hit by the global crisis and has been "one of the growth engines, along with China, in facilitating faster turnaround of the global economy."

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