Indian Economy to Worsen in 2009
Planning Commission Deputy Chairman Montek Singh Ahluwalia says that the year 2009 is going to be worse than 2008, As the world faces an economic crisis, The Indian economy will log a growth of less than 7 percent this fiscal.
The senior policymaker also ruled out India heading toward deflation, though the annual rate of inflation has dipped to 0.27 percent, with economists even predicting the rate would turn negative soon.
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- News Source: Indian Express | 8 months agoInstead of seeing himself as a lame duck, Dr Singh should seize the moment in London to ensure that India plays its rightful role in reordering the global financial system at this critical juncture. India's national interest in preserving and...
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- News Source: The Hindustan Times | 8 months agoThe Indian economy will log a growth of less than 7 per cent this fiscal with 2009 turning "significantly worse" as the current economic crisis was unlikely to end soon, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Friday. "The...
- News Source: Daily News & Analysis | 8 months agoThe Reserve Bank of India has reduced its key repurchase rates by 400 basis points since October last year, in order to help banks lend more and, in turn, promote spending. "While public sector banks have reduced the prime lending rates in the last...
- News Source: Gulfnews.com | 8 months agoWith ample liquidity and low inflation, there is scope perhaps for a further moderation in interest rates." India's central bank has reduced rates and the government has cut taxes and announced stimulus programmes to bolster an economy growing at the...
- News Source: The Economic Times | 8 months agoPrime Minister Manmohan Singh told India Inc on Saturday there was room for further interest rate cuts and that he has asked the central bank to look into the matter. Assuring a group of leading industrialists that the credit needs of the domestic...
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- Blog Source: www.bharatobserver.comNew Delhi : The Indian economy will log a growth of less than 7 percent this fiscal with 2009 turning “significantly worse” as the current economic crisis was unlikely to end soon, Planning Commission Deputy Chairman Montek Singh Ahluwalia said
- Blog Source: www.theindiapost.comThe question now is whether these rates can be further reduced to put more liquidity in the system. The RBI Governor D. Subbarao says there certainly is room for rate cuts. It is now considering whether the rates should be cut, ...
- Blog Source: www.theoildrum.comThere were more and more bidders for what oil was available, and prices started to rise. OECD wanted more and more oil, but the oil producing nations also wanted more oil, and developing nations like China and India also wanted more oil. ..... As
- Blog Source: mostlyeconomics.wordpress.comNeoclassical economic models cannot explain this dramatic change. There was no apparent shock to productivity nor a clear slowdown in innovation. The government has kept taxes low. The Federal Reserve has kept interest rates low and cut them even
- Blog Source: www.worldproutassembly.orgAs the US dollar has remained the leading international currency, other countries have been willing to lend to the US, and this has sustained the growth of its national debt. However, even the high-spending US ... So despite the relatively high
- Blog Source: webfeeds.brookings.eduFailing to cooperate could weaken confidence further and worsen the crisis. The disaster of the 1933 London World Economic Conference, occurring at a similar time of worldwide economic distress, is a reminder of the damaging effects that can occur ...
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- Video Source: www.truveo.comGlobal Outlook Has WorsenedVideo Source: www.truveo.comThe U.S. will only recover in 2010, believes Subir Gokarn, chief economist, ...
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