Prime Minister Manmohan Singh said Wednesday the Indian economy would grow at 8.25 percent in the current fiscal, but this will have little meaning unless there is equitable growth.
Prime Minister Manmohan Singh on Thursday said that the economy can get back to 9 percent growth path soon, adding that the country's highly entrepreneurial private sector and rich human resources can play a crucial role to boost the recovery process.
The Middle East's leading CEOs are confident that the region is moving toward economic recovery, according to the PricewaterhouseCoopers 13th Annual Global CEO Survey.
Hoping that India's growth rate would climb back to between 8.25 and 8.75 percent in 2011, Finance Minister Pranab Mukherjee Saturday indicated that the government might withdraw some of the stimulus measures announced during the economic meltdown.
The Indian economy will grow at 8.5 percent during the next fiscal, even as the government will do everything possible to ensure a mid-term target of 10 percent annual expansion, Prime Minister Manmohan Singh said on Tuesday in New Delhi.
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The US economy grew at an annual rate of 3.2 percent in the first three months of 2010, according to the US Commerce Department's first estimate released Friday, extending the US recovery from a deep recession in 2009.
Recovering rapidly from the global financial crisis, India is poised to grow at 8 percent this year, but inflation and excessive capital flows could pose a challenge, a gathering of world finance ministers was told on Saturday.
With the economy witnessing gradual recovery from the global meltdown, the country's corporate sector should go for redefining their corporate social responsibility and accountability, said Salman Khurshid, Minister of State for Corporate Affairs and Minority Affairs (Independent Charge), in New Delhi on Wednesday.
Finance Minister Pranab Mukherjee on Wednesday said India had recovered from the global financial meltdown and the economy was in far better shape than it was a year ago to clock high growth.
While the global economy is recovering swiftly from the worst financial crisis the world has seen since the Great Depression, an expert has warned about another crisis - a currency crisis.
Healthy and stable economic and trade relations between China and the US serve the interests of both countries, Chinese President Hu Jintao said Friday.
Finance Minister Pranab Mukherjee has called for imparting a fresh momentum to the impressive economic recovery witnessed in the past few months and take the country on the path of double-digit growth.
India will grow 8.2 percent in 2010 and 8.7 percent in 2011 but rising inflation will bog the country's policy makers, the Asian Development Bank (ADB) said on Tuesday.
Global financial and credit rating agencies have drawn a positive picture of Bangladesh's economy, but domestic experts see signs of stagnation and slowdown in investment.
The latest manufacturing data fell short of expectations and negatively impacted shares of industrial metals miners. Ongoing worry over the Greek banking crisis also struck the sector.
U.S. economy has sounded a recession alarm. Economists believe that the current low unemployment rate and rising inflation rate in the United States will induce the Fed to raise interest rates to cool the overheated economy. This will frustrate investor and consumer confidence and trigger the US
The market is seeking a level that discounts foreseeable negatives and uncertainties (Spain, U.S. economic slowdown , Q1 earnings).Needs time for clarification.