Yes, if they keep up that much criticized deficit spending.
And the new regional ‘employer of last resort’ program helps as well.
Indian Economy to Grow About 7% This Fiscal Year
by Kartik Goyal
Jan 8 (Bloomberg) — India’s economy will grow about 7 percent in the 12 months ending March 31, Prime Minister Manmohan Singh said in Chennai today. “Despite the global economic downturn, the fundamentals of Indian economy continue to remain strong,” Singh said. “Much of India’s growth is internally driven and I expect we can maintain a strong pace of growth in the coming years.”