Newdelhi:13/10/19:World Bank’s Chief Economist for South Asia Hans Timmer has said that India is a fast-growing economy with lot of potential despite being hit by the recent global slowdown. Talking to PTI in Washington yesterday, he said, India’s growth numbers are higher than in most countries of the world.
Mr Timmer said, the World Bank in its estimates has found that 80 per cent of the slowdown in India could be coming from the international causes. In its latest edition of the South Asia Economic Focus, the World Bank said that India’s growth rate is projected to fall to 6 per cent this fiscal. However, it said the country was expected to gradually recover to 6.9 per cent in 2021 and 7.2 per cent in 2022.