Mumbai: Growth in the Asia-Pacific region is expected to gain momentum over the course of 2012 and is projected at 6 percent during the year – barring downsides in the global economy. It will rise to about 6.5 percent in 2013, International Monetary Fund (IMF) said Monday.
Speaking on the Indian context, Singh said that in India, the GDP is projected at 6.9 percent in 2012.
‘In India, GDP growth is projected to moderate to 6.9 percent in 2012 (from 7.1 percent in 2011), picking up slightly to 7.3 percent in 2013. The lowered growth outlook in 2012 is due primarily to the ongoing slowdown in investment. The latter reflects a combination of global, cyclical, and structural factors,’ he said.