India is increasingly attracting the world’s interest for its impressive economic performance and is likely to sustain its current growth figures, says the World Economic Outlook (WEO) 2005 brought out by the International Monetary Fund.

Driven by liberalisation in the past two decades and the start of a march toward a functioning market economy, India’s report card has been exciting both in terms of growth and stability. Its GDP grew by 7.4 per cent in the first quarter and 6.6 per cent in the second quarter of 2004-05, compared with 5.3 per cent and 8.6 per cent in the corresponding quarters in 2003-04. With a 6.7 per cent growth in FY 2005, India stood tall over Brazil and Russia. While Brazil scored 3.7 in the same year, Russia fared better with a 6 per cent growth.

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