India » Outlook

International property brokers forecast that Indian Economy will keep on growing at almost the same rate as in the year 2007. The average GDP growth rate since last three years has been 9.0%, which is the second fastest growth rate among the developing countries. However, it might experience a slowdown because of the economic crisis (especially in terms of production of energy) the whole world is facing at the moment. The inflation was measured as 11% which was far above the actual target of Reserve Bank of India i.e. 4%. A tight monetary policy by the government of India is expected during the year 2008-09. In the long run, it is forecasted that, in 2050, India will emerge as the number one economy of the world.