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Nov. 8 (Bloomberg) -- India will “wind” down fiscal stimulus from 2010 as growth in Asia’s third-largest economy recovers to more than 7 percent, Prime Minister Manmohan Singh said today. Full Article at Bloomberg.com
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New Delhi, Nov. 8: India will wind down the fiscal stimulus from next year and work to accelerate the pace of financial reforms as the economy pulls out from a slowdown that has seen industry shrinking and jobs lost. Full Article at Calcutta Telegraph
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India should begin to wind down the fiscal stimulus that was extended to the industry in the wake of the economic meltdown last year, even though the economy has not reached the high-growth trajectory, top economist Raghuram Rajan said today. Full Article at Business Standard
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Prime Minister Manmohan Singh on Sunday said India will open its doors further to foreign investment and invited entrepreneurs from across the globe to participate in a host of areas, including infrastructure sectors. Full Article at Hindustan Times
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Prime Minister Manmohan Singh Sunday said the measures taken by his government helped India brave the financial crisis better than most countries, but it may "wind down" by next year the fiscal stimulus that was launched last December. Full Article at Webindia123
Related Quotes
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The worst is behind us though the path of global recovery will be long and uncertain ... India has been able to face the global economic downturn better than most other countries in the world.
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World demand will pick up only slowly
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There are clear signs of an upturn in the economy
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Like other countries we resorted to a significant stimulus and we will take appropriate action next year to wind this down
