Indian economy on track despite global turmoil: analysts
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India's economy may lose a bit of steam in coming months but will remain on track for strong growth despite global market turmoil and mounting fears of a US recession, analysts say.
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MANILA : Economic growth prospects in the Philippines this year remain on track despite rising oil prices and a volatile peso as long as the government fixes its fiscal woes, President Gloria Arroyo has said.
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The world economy is sound, although financial markets may remain ragged for some time, and China must let its currency rise faster to rebalance global growth, finance officials from rich nations said on Friday.
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A slowdown in the U.S. economy will likely drag on global growth next year, economists predict, but Asia and Europe are expected to remain fairly resilient amid signs of healthy consumer demand.
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Finance ministers say the global economy is now recovering after the recent turmoil in worldwide markets.
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The Indian economy is likely to be in the grip of inflationary pressures in the coming months even as its growth slows down, according to projections issued by the Reserve Bank of India.
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New Delhi: Hailing RBIs monetary and credit policy, Finance Minister P Chidambaram today said it will not hamper growth and the investment momentum will continue despite pressure on price level.
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India is not seeking to contain China  and peace and stability in Asia are in the common interest of  both the world's fastest-growing major economies, Prime  Minister Manmohan Singh said on Tuesday.
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A top executive at General Electric Co   said on Tuesday the world&#39;s industrial economy remains  &quot;pretty good,&quot; orders have risen so far through the third  quarter and he reiterated the company&#39;s profit forecast.
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In its global economy outlook the International Monetary Fund predicted worldwide output to lift 5% despite of worries about high oil prices.
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BRUSSELS (CP) - Economic recovery among the 12 countries that use the euro common currency remains on track despite the threat of high oil prices, the head of the European Central Bank said Wednesday.
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The world economy is sound, although  financial markets may remain ragged for some time, and China  must let its currency rise faster to rebalance global growth,  finance officials from rich nations said on Friday.
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TOKYO : Japan&#39;s economic recovery is on track as structural reforms take root but soaring global oil prices pose a question mark, the central bank chief said on Monday.
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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 grows by more than 7% in the first quarter of the financial year - the results are better than expected.
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But the overall market should still show growth over the year, researchers say.
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Riding on a &quot;crest&quot; of high economic growth, India is poised to clock 7-8 per cent GDP growth on a sustained basis in the next 10 years driven mainly by galloping trade, Finance Minister P Chidambaram said today.