IMF's Krueger upbeat about Indian economy
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India's economy, Asia's fourth largest, can grow at 10 percent a year for several years and make a dent in poverty on the back of sound economic policies, a top IMF official said on Wednesday.
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India will improve on its already rapid economic growth levels in the years ahead, Prime Minister Manmohan Singh predicted on Monday.
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The government is committed to economic growth of 7-8 percent each year over the next decade on the back higher industrial and agricultural growth, Prime Minister Manmohan Singh said on Tuesday.
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A leading credit ratings agency raised its outlook Monday for India's economy despite rising inflation and insufficient monsoon rains that could slow growth.
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India's economy grew at an annual rate of 9.1% in the six months to September, the government says.
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As Rodrigo De Rato prepares for his first annual meeting as managing director of the International Monetary Fund in early October, he could be forgiven for feeling pleased with the shape of the global economy.
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The global economy should register its strongest growth in 30 years in 2004 despite soaring oil prices, which are expected to restrain the US expansion a bit, the International Monetary Fund said Wednesday.
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Prime Minister Manmohan Singh said India's economy would grow by 7.5 percent annually over the next decade and could be one of the world's biggest economies in the next generation.
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THE International Monetary Fund forecast yesterday a substantial jump in economic growth in sub-Saharan Africa this year and next, saying the outlook for the region was better than in years.
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Helped by robust manufacturing, Indiaâs industrial output rose a stronger-than-expected 13.6 percent in April from a year earlier, the government said. But the numbers heightened concerns that the Indian economy might be overheating, growing faster than the pace that can be sustained. It also fueled fears that the central bank might increase lending rates and take steps to restrain money supply growth to cool the economy. While the April growth was slower than the 14.5 percent rise in March, it was stronger than the 11 percent expansion forecast by economists polled by Dow Jones Newswires. The April data showed manufacturing expanded 15.1 percent in April, while electricity generation grew 8.7 percent from a year ago. Mining output rose 3.4 percent.
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Indian shares rose 0.5 percent on Monday, led by metal, auto and petrochemicals makers, with the mood upbeat on expectations of continued strong demand for goods and commodities in Asia's fourth-biggest economy, brokers said.
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India's economy grows by more than 7% in the first quarter of the financial year - the results are better than expected.
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The International Monetary Fund (IMF) says that the Jamaican authorities have succeeded in stabilising the economy and restoring market confidence - after last year&#39;s foreign currency instability - but warns that the huge public debt remains an area of ...
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Asian economies have weathered the US subprime mortgage crisis well and will experience only a mild slowdown next year, a senior International Monetary Fund official said Thursday.
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India could overtake Britain and have the world's fifth largest economy within a decade, a report says.
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World economic growth will be higher than predicted, the IMF says at the start of Singapore meetings.
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The International Monetary Fund (IMF) has debunked fears of job losses in industrialised nations due to outsourcing of services to developing nations.