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Thursday, May 24, 2007

WTO REPORT

India needs further reforms to sustain its rapid economic growth, particularly in the infrastructure sector that continues to cripple its potential, the world trade organization said in a report today."India's economic performance has continued to be impressive since 2001-02 and growth has been particularly rapid since 2003-04 averaging over 8.5 percent with over 9 percent expected for 2006-07," the WTO said its trade policy review on India. However, if India's high rates of economic growth are to be sustained, reforms need to be deepened, in particular to address infrastructure bottlenecks such as transport and electricity, which continue to constrain growth, it added.

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