India survived economy slide down during global recession: British Diplomat

COIMBATORE: India is the only country, which saw five per cent economic growth even after global recession hit the world, a British Diplomat said today.

As the recession has taken toll of almost all economies across the world, India not only survived the meltdown, but also witnessed a growth of five per cent and above, whereas other economies grew by two to two and half per cent, Mike Nithavrianakis, British Deputy High Commissioner, Chennai said here.

India was expected to grow by eight, nine or 10 per cent in the coming years, as it was taking giant steps in all the sectors, be it industrial or healthcare, Mike said at an International Symposium on Diabetes and Metabolism, jointly organised by University of Portsmouth, UK and Endocrine (hormone) Society of Coimbatore.

Stating that India is now emerging as a major healthcare hub, he said UK is ready to invest in health-care related research in the country.