Originally posted by the Voice of America.
Voice of America content is produced by the Voice of America,
a United States federal government-sponsored entity, and is in
the public domain.


India Projects Economic Revival After Worst Slowdown in a Decade

Anjana Pasricha

   NEW DELHI - After facing its worst slowdown in a decade, India says its
   economy will pick up pace next year, growing by more than 6%.

   The country's sharp economic slowdown in the past year has led to
   warnings from the International Monetary Fund that India is dragging
   down global growth.

   But an annual government survey released Friday said the worst may be
   behind Asia's third largest economy. It projected India's economy would
   grow by 6 to 6.5% in the next fiscal year that begins in April.

   The economy is expected to grow by less than five per cent this year as
   most sectors including exports, manufacturing and farming lose pace.

   The government is expected to announce a slew of measures to boost the
   economy on Saturday when it presents its annual budget. The proposals
   could include higher spending on infrastructure and steps to revive
   India's ailing banking sector.

.