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India expected to register 4.4 per cent growth rate, outpacing ASEAN countries.

BBC Monitoring International Reports

| January 27, 2002 | COPYRIGHT 2001 BBC Monitoring. (Hide copyright information)Copyright

Text of report by Indian news agency PTI

Kuala Lumpur, 27 January: India's economic growth rate is expected to outpace the ASEAN [Association of Southeast Asian Nations] region in 2001-02 financial year, according to data shared by officials in preparation for a summit later this year.

India is expected to register 4.4 per cent growth in the fiscal year ending 31 March while the ASEAN growth is expected to be around 3 to 3.2 per cent in calendar 2001, compared with 5.4 per cent in calendar 2000, Shashank, Secretary, Ministry of External Affairs secretary (Economic Relations), said at a two-day India-ASEAN Joint Coordination Committee (JCC) meeting Saturday …

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