IMF chief describes India as economic power house

New Delhi, Dec 2 (PTI) IMF Managing Director Dominique
Strauss-Kahn Thursday described India as a "leading power" and
an "economic powerhouse" going by the performance of the
economy.
"Your result here in terms of economic growth and also in
terms of inclusive growth are really amazing", he told
reporters after a meeting with Finance Minister Pranab
Mukherjee.
" We had a very frutiful discussion and relationship
between India and the IMF is expanding", he said on the
meeting with Mukherjee.
"India is becoming one of the leading power in the
world. It is really an economic powerhouse", he said.
"Your result here in terms of economic growth and also
in terms of inclusive growth are really amazing.
"The forecast we had in the IMF is exactly what you are
following now which is probably the maximum that the Indian
economy can provide these days. So you are running as fast as
you can," he said.
IMF has projected Indian economy to grow by 9.7 per cent
in 2010 though it uses a different methodology for its
calculation.
India, which uses different computation for calculating
GDP than IMF, however, expects the economy to grow by 8.5 per
cent this fiscal.
The IMF chief said higher economic growth than what is
being witnessed by India may lead to risks of inflation and
high current account deficit in the country. PTI