Business Today

On Record/IMF & WB lower India's GDP Growth Projections

     Print Edition: Nov 10, 2013

Montek Singh Ahluwalia
Montek Singh Ahluwalia
I expect to see recovery in the coming quarters. Exactly how much... is difficult to predict. But we are definitely on a turnaround path
Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, in Businessworld

P. Chidambaram
P. Chidambaram
We do not share this pessimistic outlook. We also believe there is a need for reviewing the methodology for growth projections, as IMF projections have often been at divergence with final growth numbers in the past
P. Chidambaram, Union Finance Minister, to wire agencies

Anand Sharma
Anand Sharma
I reject the IMF numbers. The Indian economy is seeing a turnaround both in terms of growth in manufacturing and domestic demand and a buoyancy in exports
Anand Sharma, Commerce and Industry Minister, in a press release to wire agencies

Glenn Levine
Glenn Levine
The economy is nearing the bottom of the current cycle and there is recovery in sight as investment should improve from the fourth quarter

Glenn Levine, Senior Economist at Moody's Analytics, to wire agencies

India's growth potential remains high but its macroeconomic vulnerabilities and rising pressure from the depreciation of the rupee could impact the speed of recovery
Denis Medvedev, Senior Country Economist, World Bank, India, in The Financial Express

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