World Bank pegs GDP growth at 6 p.c.
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08/06/2004
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Hindu (New Delhi)
An upbeat World Bank today said the Common Minimum Programme (CMP), emphasising reforms with human face, will spur socio-economic development in India, but contested the UPA Government's target that the GDP will grow at 7 to 8 per cent. "The Indian economy will grow at 6 per cent over the next five years against the target of 7 to 8 per cent unless the Government reins in fiscal deficit and raises investment to improve physical and social infrastructure in rural areas,'' the World Bank Country Director (India), Michael Carter, told reporters.