WB sees growth, warns of deficit

India’s economic growth is expected to increase GDP in South Asia to 7.2 per cent in 2004, a World Bank report said on Monday However, the ‘Global Economic Development Finance 2004 report’ warned infrastructure bottlenecks and India’s large fiscal deficit were coming in the way of sustaining such growth. ‘‘Recent tax cuts may raise the deficit further, especially if accompanied by populist spending in this election year,’’ it warned. —(PTI)