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

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.