ESCAP pegs India's GDP growth rate at 7.5 pc.

(From Business Line)

New Delhi, April 26 - INDIA is one of the countries hit by the recent tsunami, but the disaster is unlikely to have much of an impact on its growth prospects with the country's growth becoming "more broad-based" in 2004.

This is the assessment of the Bangkok-based UN Economic and Social Commission for Asia and the Pacific (ESCAP) in its 2005 Annual Survey, released here by the Director-General, Research & Information System (RIS) for the Non-Aligned and Other Developing Countries (RIS), Dr Nagesh Kumar.

Assuming no major internal or external shocks and no political instability, ESCAP said India should be able to sustain real GDP …