Montek prophecy: GDP growth at 8% for 20 years

May 18, 2012 13:34

India has the potential to grow at 8-9 per cent for the next two decades and a supportive global environment will help the country achieve this goal, Deputy Chairman of Planning Commission Montek Singh Ahluwalia has said.

Addressing a high level debate on 'State of the World Economy and Finance in 2012' at the United Nations General Assembly here yesterday, Ahluwalia said the Indian economy grew at an average rate of 9 per cent in the five years prior to the financial crisis of 2008. The growth slowed down to just over 7 per cent following the crisis.

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