The International Monetery Fund has raised its India growth forecast for 2010 to 9.7%, up from the July forecast of 9.4%. Asia’s third largest economy(India) is projected to slow down to 8.4% in 2011.China’s likely to grow by 10.5% in 2010 while Asian economy will likely to grow at the rate of 9.5%.
Leading Indicators-the production manufacturing Index and measures f business and consumer confidence are continue to point up. The World economy , led by emerging markets, is forecast to grow by 4.8% in 2010 before falling to 4.2% next year and a sharper global slowdown is unlikely.
