India must deepen reforms to sustain growth: WTO
Afp, Geneva
India must carry out further reforms in agriculture, and open up the country's maritime transport and energy sector to competition if it is to sustain its "impressive" economic growth, the World Trade Organisation said on Wednesday. Continued structural reform would also help create productive employment for new entrants to the labour force, helping India reap a "demographic dividend," with one third of its population currently aged below 18, a WTO report said. The WTO said in its Trade Policy Review on the South Asian country that India's economy is expected to grow over nine percent in 2006/07, building on "impressive" growth averaging over seven percent between 2001/02 and the present day.
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