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.

Addressing a high level debate on 'State of the World Economy and Finance in 2012' at the United Nations General Assembly yesterday,Deputy Chairman of Planning Commission Montek Singh Ahluwalia made this statement. Ahluwalia said while the financial crisis slowed growth in developing nations,it was satisfying to note that growth rates remained more robust than many would have expected. He added this growth resilience reflects the fact that large numbers of developing countries now have stronger human and institutional capacities to grow.

These economies are not delinked from industrialised countries but they operate on a higher underlying growth potential.