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Our Bureau

New Delhi , Jan. 3

THE World Bank on Monday said its outlook for fiscal 2005 on the growth rate of Indian economy would not change significantly, despite the damage caused by the tsunami.

Speaking on the sidelines of a seminar organised by the Federation of Indian Chambers of Commerce & Industry on `Development and Nationhood: An Indian Perspective', the World Bank Country Director, Mr Michael Carter, told reporters that "we have not estimated the impact of Tsunami on the Indian economy. But we can say that it will not significantly change our outlook for fiscal 2005."

More than an economic disaster, tsunami was a human tragedy, Mr Carter stated. He said India benefited from economic reforms but had to bear costs as well.

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