World Bank President Jim Young Kim has said India was expected to have a good third quarter. He agreed with Finance Minister P Chidambaram's observations that the country's economy is now picking up. While responding to questions on slowed growth in developing countries, Kim said this at this at the Wall Street Journal CEO Forum meeting in Washington this week.The World Bank President said growth in the emerging markets is going to be over 5 per cent, and it is going to continue.Last week, Chidambaram in an address to bankers at Bancon 2013 in Mumbai had exuded confidence that the economy will pick up in the second half and record a growth of 5 to 5.5 per cent in 2013-14.However, the World Bank President acknowledged that the developing countries are unlikely to go back to the 10 plus growth rate which was experienced before the economic recession in the US.
News On AIR | November 21, 2013 4:30 PM
World Bank President says, India expected to have good 3rd quarter