New Delhi: Indian economy is likely to grow at a rate of 6 percent next year and probably more thereafter, as exports markets start doing better, World Bank President Jim Yong Kim said.
India will get back to higher levels of growth, Kim said even as he expressed disappointment over 5 percent growth (the projected rate for this financial year.
"India is going to grow by 6 percent next year and we hope for even more increase in future," Kim told reporters after a meeting with Finance Minister P Chidambaram.
Kim, who is on a three-day visit to India, said: "Growth rate of 5 percent here is one that has been somewhat disappointing but we are very encouraged by what has happened and what will happen and we think India will get back to higher levels of growth."
The Indian economy is subject to global slowdown, he said, adding that "as export market starts doing better, we think India will do better as well".
Indian economy is estimated to have grown 5 percent in 2012-13. The Economic Survey of 2012-13 has predicted a growth rate of 6.1-6.7 percent for the next fiscal.
In his meeting with the World Bank chief, Chidambaram underlined the need for enhancing the capital base of the World Bank to meet the challenges of poverty reduction and infrastructure development in the developing countries.
Besides, issues related to global economy and its impact on India were discussed, a Finance Ministry statement said.


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