IMF expects India's growth to accelerate close to China levels

Tuesday, 29 June 2010, 06:16 Hrs
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Washington: The International Monetary Fund has said that it expects India's economic growth to accelerate and inch closer to that of China.

"We expect Indian growth to accelerate and be very close, closer than the past, to the Chinese rate of growth," IMF Managing Director Dominique Strauss-Kahn told a group of Asian reporters.

Strauss-Kahn, who is "very impressed" by the Indian growth story, plans to visit the country later this year.

His scheduled visit to India early this year had to be cancelled because of the flight disruptions due to volcanic ash.

"I think that India is doing very well," Strauss-Kahn said in response to a question, but noted that he has some concerns about India.

"I have some concern about inflation, especially food prices which are going up, but globally, India is doing very well."
Source: PTI
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