jennifer
01-25-2008, 11:37 AM
NEW DELHI:-
Prime Minister Manmohan Singh on Friday sought to allay fears of a possible US slowdown affecting Indian economy, (http://www.addyoururl.org/index.php?search=economy)saying that the country's economic foundation was strong enough to sustain 9-9.5 per cent growth.
"I am confident we can sustain our growth momentum at 9 and 9.5% per annum despite international situation," Singh said at a joint press conference with visiting French President Nicolas Sarkozy here.
Asian stock markets, including Bombay and National Stock Exchanges, went into a tailspin earlier this week on fears of a recession in US economy. The Indian markets, however, bounced back after the US Fed made unprecedented cuts in interest rates on January 22.
Read... (http://economictimes.indiatimes.com/Indias_economy_strong_enough_to_weather_global_cri sis_PM/articleshow/2731427.cms)
Prime Minister Manmohan Singh on Friday sought to allay fears of a possible US slowdown affecting Indian economy, (http://www.addyoururl.org/index.php?search=economy)saying that the country's economic foundation was strong enough to sustain 9-9.5 per cent growth.
"I am confident we can sustain our growth momentum at 9 and 9.5% per annum despite international situation," Singh said at a joint press conference with visiting French President Nicolas Sarkozy here.
Asian stock markets, including Bombay and National Stock Exchanges, went into a tailspin earlier this week on fears of a recession in US economy. The Indian markets, however, bounced back after the US Fed made unprecedented cuts in interest rates on January 22.
Read... (http://economictimes.indiatimes.com/Indias_economy_strong_enough_to_weather_global_cri sis_PM/articleshow/2731427.cms)