No adverse impact on flow of capital to India: AhluwaliaSeptember 14th, 2009 NEW DELHI - India is concerned about protectionism in the global financial markets in the guise of regulation but does not see any adverse impact on the inflow of overseas funds, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Monday. "We are concerned that in the guise of improving regulations, they should not be putting in place rules that end up discriminating against developing nations, Ahluwalia said on the margins of a conference on the upcoming G20 Summit in Pittsburgh.
Growth to slow in coming quarters, says AhluwaliaSeptember 1st, 2009 NEW DELHI - Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Tuesday that country's economic growth in the coming two quarters will be lower than April-June. The economy grew 6.1 percent in the June quarter, roughly in line with forecasts, but a poor monsoon threatens to erode growth later in the year even as it drives prices higher.
India's growth may retard in next two quarters: AhluwaliaSeptember 1st, 2009 NEW DELHI - Drought may retard India's growth from 6.1 percent logged during the first quarter of this fiscal, even as 2009-10 may end with a 6.3-percent expansion, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Tuesday. The growth rate may turn worse in the current and next quarter because of the impact of drought, Ahluwalia told reporters after a meeting of the full plan panel here, chaired by Prime Minister Manmohan Singh at its headquarters at Yojana Bhavan.
Recession, drought to hit India's growth target: AhluwaliaAugust 31st, 2009 BANGALORE - Global recession and drought this fiscal will derail India's nine percent growth target for the 11th Five Year Plan (2007-12), says a top Planning Commission official. "We set a growth target of 9-10 percent for the 11th Plan.
India's GDP records 6.1 percent growth in first quarterAugust 31st, 2009 NEW DELHI - India managed a reasonable economic growth of 6.1 percent during the first quarter of the current fiscal despite the global financial crisis impacting manufacturing and services sectors. Country's Gross Domestic Product (GDP) growth rate during April-June 2009 at 6.1 percent was higher than 5.8 percent in the previous quarter.
'Recession, drought will hit India's growth target'August 31st, 2009 BANGALORE - Global recession and drought will bring down India's nine percent growth target for its 11th Five Year Plan (2007-12), Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. "We set a growth target of 9-10 percent for the 11th Plan.
Poor monsoon could hit India's growth: Planning board chiefAugust 18th, 2009 NEW DELHI - The erratic monsoon could hit India's economic growth this year, but the country has enough food stocks to counter inflationary pressures, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Tuesday. "The existence of drought by itself can only lead to some shaving down of growth projections," Ahluwalia told reporters on the sidelines of a conference.
No more stimulus needed: Planning Commission Deputy Chairman Montek Singh AhluwaliaJuly 21st, 2009 NEW DELHI - India's corporate sector does not need any more stimulus packages, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Tuesday. "The budget includes very significant boost in plan expenditure and investment.
Planning Commission's focus to be on infrastructure, inclusive growth: MontekJune 6th, 2009 NEW DELHI - The reappointed Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, on Saturday said the commission would focus on infrastructure development and inclusive growth. "President's address has given much emphasis on infrastructure...
India needs more stimulus measures: AhluwaliaApril 7th, 2009 NEW DELHI - India should have more fiscal stimulus measures to help the economy weather the global slowdown, Planning Commission Deputy Chairperson Montek Singh Ahluwalia said here Tuesday. 'We should have more fiscal stimulus measures.
Indian economy to grow between 6.5 to 7 pc: Montek Singh AhluwaliaMarch 27th, 2009 NEW DELHI - Deputy Chairman Planning Commission Montek Singh Ahluwalia today said that the economy will pick up in the second part of the fiscal and will grow between 6.5 to seven per cent. Participating in the annual CII Conference here, Ahluwalia said that more fiscal and monetary measures might be necessary in future to achieve the growth target.
Indian economy will turn 'significantly worse' in 2009: AhluwaliaMarch 27th, 2009 NEW DELHI - The Indian economy will log a growth of less than 7 percent this fiscal with 2009 turning 'significantly worse' as the current economic crisis was unlikely to end soon, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Friday. 'The world is going through the worst crisis in 60 years,' Ahluwalia told the national conference and annual session of the Confederation of Indian Industry (CII) at the Taj Palace Hotel here.
India's growth to be around 6 percent this fiscal: Moody'sMarch 27th, 2009 NEW DELHI - The tough economic condition will prevail, restricting India's economic growth to 6.3 percent this fiscal and 5 percent in the next financial year, and forcing the central bank to cut repo rate by 4 percent, the economic arm of Moody's predicted in a statement Friday. 'Moody's Economy.com foresees tough economic conditions in India for the rest of 2009.
RBI denies discussing interest rate cut with governmentMarch 1st, 2009 NEW DELHI - Putting at rest speculations over cut in key rates, Reserve Bank of India Governor D. Subbarao Saturday said his meeting with top officials of the government was to discuss India's position on the upcoming Group-20 (G-20) global finance ministers' meeting.
No more tax breaks before budget: AhluwaliaJanuary 19th, 2009 NEW DELHI - There will be no tax breaks before the budget, the government said here Tuesday. 'I don't expect tax breaks between now and the budget session,' said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
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