Manipal: Amid persisting global uncertainties, Finance Minister Pranab Mukerjee on Saturday said that India's domestic demand, high savings rate and regulatory mechanisms make it a resilient economy. He, however, emphasised upon the need for increased coordination among countries to realise collective gains in the face of global economic woes. Mukherjee further said that performance of Asian economies in short to medium-term is crucial not only to keep the engine of...
10:48 PM, May 26, 2012
Morgan Stanley has cut India's 2012 economic growth forecast to 6.3 per cent from prior 6.9 per cent; 2013 forecast to 6.8 per cent from 7.5 per cent. On a financial year basis, Morgan Stanley expects FY13 growth at 6.3 per cent and FY14 growth at 6.9 per cent. "Bad" growth mix - a combination of high national deficit and an expansionary policy of supporting consumption while private investment slows...
03:11 PM, May 21, 2012
Mumbai: The Reserve Bank of India is likely to begin easing monetary policy to address concerns about economic growth, Governor Duvvuri Subbarao said in a BBC interview, reiterating comments made by the RBI when it kept rates unchanged on December 16. "From here on, we could expect reversal of monetary tightening. But it's difficult to say when that will take place and in what shape it will roll out," Subbarao...
10:42 AM, Jan 02, 2012
Washington: The International Monetary Fund on Tuesday said it was trimming its forecasts of economic growth for Indian, China and other Asian developing economies due partly to slower growth in the rest of the world. Asian "growth remains strong, although it is moderating with emerging capacity constraints and weaker external demand," the IMF said in its latest World Economic Outlook. The IMF said it expected China's economy to grow 9.5...
09:36 AM, Sep 21, 2011
London/Bangalore: The United States and euro zone are "dangerously close to recession," Morgan Stanley said on Thursday, criticising policymakers and predicting the European Central Bank will have to reverse its rates policy. The Morgan Stanley research note, which cut global growth forecasts, was cited by stocks traders as adding to market nervousness over the US and euro zone debt crises and the economic drag of austerity measures in debt-burdened countries....
11:15 PM, Aug 18, 2011
Central bank sees signs of economic revival, revises its forecast. ...
08:19 PM, Jul 27, 2009
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