Jardine Mckenzie of Japan predict that Indias economic growth will reach a sustainable 10 per cent and be spread more evenly across the country should the Indian government continue to pursue its ambitious, wide-ranging economic reforms. A spokesman for Jardine Mckenzie reportedly revealed that the firm believed the Indian governments target of reaching GDP growth of 10 per cent in 2011 was achievable should the current economic reforms continue, adding that India is now the worlds third largest economy behind the US and China in terms of real prices and purchasing power. This follows reports that Jardine Mckenzie are due to release their first annual economic survey on India. According to a source the insight provided by the survey data has prompted Jardine Mckenzie to recommend the resumption of privatisation of more publicly-owned firms. Jardine Mckenzie researchers apparently concluded that this would result in improved productivity and profitability, and that reducing tax exemptions would allow more money to be transferred to fund public services in urban areas.
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