India turns lender from borrower

Country helping IMF to bail out other nations as it continues to register healthy growth.

    Twenty years ago, India had to borrow $6bn from the International Monetary Fund to prop up its economy.

    Now, however, New Delhi is helping the IMF bailout some of the world's more developed countries.

    The country's economy is expected to grow by 7 per cent in 2012, a percentage low by recent standards but higher than most around a recession hit world.

    Al Jazeera’s Sohail Rahman reports from Gujarat in western India.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    We Are Still Here: A Story from Native Alaska

    We Are Still Here: A Story from Native Alaska

    From Qatar to Alaska, a personal journey exploring what it means to belong when your culture is endangered.