India likely to grow by 5.7 per cent in 2013: World Economic Outlook

Indian economy is projected to grow by 5.7 percent in 2013 and 6.2 percent in the next year as against world output growth of 3.25 percent and 4 percent respectively during the period under review, says the World Economic Outlook report.

Global prospects have improved again but the road to recovery in the advanced economies will remain bumpy, it said. It noted that the what until now was a two-speed recovery, strong in emerging market and developing economies but weaker in advanced economies, is becoming a three-speed recovery.

Emerging market and developing economies are still going strong, but in advanced economies, there appears to be a growing bifurcation between the United States on one hand and the euro area on the other, the WEO said in its latest report released.
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