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India's growth will reach 9 pc again: Economist

Source : The Indian Express
Oct 14, 2013

While the International Monetary Fund (IMF) has projected that emerging economies including India may not be able to sustain their growth rates under present circumstances, renowned economist, Professor Ajit Singh — Professor Emeritus of economics at Cambridge University and a student of Prime Minister Manmohan Singh — expressed optimism that the Indian economy will eventually grow at 9 per cent, as it did in 2010-11.

 

He also termed the rupee's free fall as a short-term phenomenon and rejected notions of an economic crisis in India. "It is a short term phenomenon, not a crisis. But, it could become a crisis, if the confidence on the Indian business is lost," Professor Singh said.


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