Expect India to grow by 6.5% in 2013: S&P
: Sat Dec 22 2012, 01:40 hrs
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Global rating agency Standard &Poor's has said it expects India to grow by 6.5 per cent during 2013, amidst the possibility of global economic recovery continuing during the year.
For China, S&P expects the growth rate to move back to eight per cent level in 2013. In a report on global credit outlook for 2013, S&P said "the ball is in the policymakers' court" to sustain the recovery in global economy. Noting that there is "not much room for error in the global economy" in 2013, S&P said it has been through a very challenging period in the recent years.
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