According to the Global Development Finance Report released recently by the World Bank, India is expected to be the fastest-growing economy in 2010, with 8% year-on-year GDP growth. The World Bank has also raised its estimate of India's GDP growth rate this year to 51% from 4%. Even at the higher level, that will be the slowest growth rate in six years. At present Indian banks are required to park 24% of their deposits in government securities, also known as the statutory liquidity ratio.
India Aaron Chaze Global Finance; Jul/Aug 2009; 23, 7; Docstoc pg. 18 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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