Emerging giants India and China are leading the global economy on a '32-62-72' growth path, Standard Chartered Bank's Chief Economist has said -- using the numeric phrase for evolving economic size of the world.
At a meeting of the Institute of International Finance, a global association of financial institutions, Standard Chartered Bank Chief Economist, Gerard Lyons, raised doubts over the Centre's projections of reducing fiscal deficit from 2010-11's estimate of 5.1 per cent. "I am skeptical whether fiscal deficit can be reduced as planned," he said.
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