India Economy May Grow Faster Than Previously Forecast, IMF Says

India’s economy may grow faster than previously forecast, helped by consumer demand, the International Monetary Fund said.

The South Asian economy will expand 9.7 percent in 2010, the Washington-based lender said in its World Economic Outlook, more than the 9.4 percent estimated in July. The fund maintained its 2011 prediction for India’s growth at 8.4 percent.