India's government projects the economy will grow up to 6.5% in the next fiscal year, starting in April, and hopes to follow China's example in developing labor intensive industries and exports.

New Delhi, Oct 27 (Xinhua/UNB) -- A modernized land management, streamlined courts, and regulated shadow banking system would hugely benefit Indian economy, visiting World Bank president David Malpass has said in New Delhi after meeting the country's top leadership.