Topic: India
Morgan Stanley further slashed its growth forecasts for Asia next year due to increasing risks from the debt crisis in Europe and weakening domestic demand.Asia excluding Japan is now expected to grow 6.9 percent instead of its previous estimate of 7.3 percent, ...
Indian Prime Minister Manmohan Singh on Saturday warned against economic "negativism", insisting that the growth slowdown in Asia's third-largest economy was a "short-term phenomenon".India's economy has slowed under the brunt of a dozen interest rate rises, which have driven up borrowing costs ...
PRETORIA (Reuters) - Leaders from India, Brazil and South Africa urged the world's rich countries on Tuesday to contain their financial crises and prevent the global economy from slipping into a double dip recession.Speaking at the fifth India, Brazil South Africa (IBSA) ...
India's slowing economic growth is a "cause for worry", research group Moody's Analytics said Monday, highlighting the failure of aggressive interest rate hikes to curb near double-digit inflation.India's growth has weakened under the brunt of 12 interest rate increases since March 2010 ...
(Reuters) - September factory activity in some of Asia's biggest economies slumped to levels last seen during the depths of the financial crisis as export demand dropped, reinforcing fears that fading U.S. and European growth will spare no one.Similar figures for Europe ...
BERLIN (Reuters) - The deteriorating outlook for the world economy, and what retailers can do to cope, are likely to be the dominant themes at the annual World Retail Congress in Berlin this week.Executives from companies including France's Carrefour , Britain's Kingfisher ...
WASHINGTON (Reuters) - Major emerging nations on Thursday said they are considering providing money to the International Monetary Fund or other global financial bodies to increase their firepower for fighting financial crises.Finance ministers of the so-called BRICS nations -- Brazil, Russia, India, ...
India posted its slowest economic growth in six quarters on Tuesday, with output up 7.7 percent year-on-year, as expansion was hit by the longest stretch of monetary tightening in a decade.The figure for March-June slightly outpaced market expectations but was just below ...
Asia, including China and India, will be vulnerable if the United States and Europe slip into another recession, Singapore Prime Minister Lee Hsien Loong said on Sunday.In his annual policy speech, Lee warned it was possible the world would sink into another ...
India's central bank on Monday said risks to the growth of Asia's third-largest economy were "limited" after the US credit downgrade that has spooked global markets."India is not insulated from global developments. But in the worst phase of the recent global crisis, ...
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