The World Bank has forecast a growth rate of 7.3 per cent for India this year and 7.5 per cent for the next two years, making it the fastest growing country among major emerging economies.
A top World Bank official said India’s economy is robust, resilient and has potential to deliver sustained growth.
India retains the tag of the fastest growing country among the world’s major emerging economies, Ayhan Kose, Director of the Development Prospects Group at the World Bank, told PTI.
“India’s economy (today) is robust, resilient and has potential to deliver sustained growth,” Kose said.
“India is doing well. Growth is being robust. Investment growth remains high. Consumption remains strong. All in all these numbers are encouraging,” Kose said, referring to the World Bank report on India’s growth rate figures.
“However, you look at it, India is in a very strong position,” he said.
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Author: Stephen Manallack
Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand.
Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication.
Passionate campaigner for closer western relations with India.
Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India.
A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.
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Into India 
That’s good tidings for India. What is important is for this high growth to translate into jobs growth for India to be able to move millions out of poverty. That remains a key challenge for policy makers and economists in the country.
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