US Assistant Secretary of State (Bureau of South and central Asian affairs) Robert O Blake on Friday said the future of Indian economy seems very bright and the country is likely to become the world`s largest economy by 2050.
SBI Chairman O P Bhatt on Monday sounded
much optimistic on economic growth and projected nearly seven
per cent expansion this fiscal, on a day when RBI professional
forecasters revised down the forecast to six percent.
The plan panel expects the economy to grow 6.3 percent in the year to March 2010 and at a faster pace in the following years, it said in a background paper which will be presented in a meeting with the Prime Minister.