Tweet
NEW DELHI:-
Prime Minister Manmohan Singh on Friday sought to allay fears of a possible US slowdown affecting Indian 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...
Prime Minister Manmohan Singh on Friday sought to allay fears of a possible US slowdown affecting Indian 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...