'More reforms will help India'

WASHINGTON, DEC. 5. World Bank has, for the first time, acknowledged that India is growing ``fast and rapid'' and can grow ``still faster'' with more reforms. But the Bank spoke poorly of New Delhi's efforts in tackling poverty.

``India is growing fast and can grow still faster with more reforms,'' the Bank's annual `Global Economic Prospects' report said adding that New Delhi needs to liberalise trade further and strengthen its fiscal position.

Giving poor marks to the Government's efforts to fight poverty, the report said this was true of the entire south Asia.

The ``rising inequality'' during the 1990's in India, the Bank said, appears to have slowed the rate of poverty- reduction relative to that of the previous decade. ``So far, reforms have largely bypassed the economy in rural ares, where the majority of the poor live, leading to a wide divergence of growth between urban and rural areas'', it said.

- PTI

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Section  : International
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