India will remain among fastest growing economies: PM

July 13th, 2009 WASHINGTON - One does not need charisma to make a leader, says Time magazine, citing Prime Minister Manmohan Singh's example who has made India one of world's fastest-growing economies and changed tens of millions of lives for the better. A speech by "Manmohan Singh, it has been said, is a natural remedy for sleep disorders," suggested author Michael Elliott in an article titled "No Charisma? Don't Worry, You Can Still Be a Leader" in the influential US news magazine "During a raucous debate on a vote of confidence in the Indian parliament last year, Singh's closing speech was so subdued that it was drowned out by the opposition.

June 24th, 2009 TORONTO - Toronto-based Lawrence Asset Management Inc. is re-launching the Lawrence India Fund in Canada next month in partnership with Reliance Asset Management.

June 15th, 2009 NEW DELHI - The Prime Minister, Dr. Manmohan Singh, on Monday said that India, as one of the fastest growing economies among BRIC members, was ready to play its part in coordinating international efforts to overcome the ongoing financial and economic slowdown.

June 15th, 2009 NEW DELHI - Global economic recovery was closely linked to the success of the economies of the four BRIC countries (Brazil, Russia, India and China), Prime Minister Manmohan Singh said Monday before leaving for the Russian city of Yekaterinburg to attend a summit of the grouping. Stressing that the four countries would play a crucial part in overcoming the ongoing economic slowdown, the prime minister said: The countries of Brazil, Russia, India and China (BRIC) together account for 40 percent of the world's population and 40 percent of global GDP.

June 8th, 2009 SYDNEY - Australian Foreign Minister Stephen Smith Monday named Peter Varghese as the next envoy to India. Varghese is considered the country's top spy as the head of the Office of National Assessments (ONA).

June 2nd, 2009 NEW DELHI - External Affairs Minister S M Krishna has asserted that India is determined to fight terrorism jointly with other countries. After meeting with representatives of SAARC nations here on Monday, Krishna said that India would try to find a path of sustainable development with energy security along with other global partners.

May 26th, 2009 ALMATY - Indian and Kazakhstan business ties received a significant fillip when 71 Indian premier companies participated in a major trade promotion jamboree in this scenic commercial capital of Kazakhstan. The Indian trade fair provided an "excellent opportunity for Indian and Kazakhstani businessmen to forge one-to-one contact and promote and enhance economic cooperation", Indian Ambassador Ashok Sajjanhar said in a press statement issued here Tuesday.

May 15th, 2009 TORONTO - Ontario Premier Dalton McGuinty will lead a trade mission to India in December, his office said Thursday. Ontario province, with Toronto as its capital, is Canada's powerhouse, accounting for more than 40 percent of the national economy.

April 17th, 2009 CHANDIGARH - British Columbia will invest Rs.60 lakh in Chandigarh to set up an office of its in-market business investment and skills liaison representative, a senior official of the Canadian province said here. 'British Columbia Premier Gordon Campbell chose the Baisakhi parade in Vancouver city to announce that his province will further encourage trade and investment from northern India,' Crystal Sawyer, manager-India operations for the British Columbia regional innovation chair of the Canada-India Business and Economic Development Centre (BEDC), told IANS.

April 9th, 2009 FRANKFURT - European economies can only expect to begin their recovery in 2010, the European Central Bank (ECB) predicted Thursday. This year, global demand is likely to remain very low since global economies including the eurozone are 'in a serious downturn', the ECB wrote in its monthly newsletter, published Thursday.

February 24th, 2009 NEW DELHI - India's rapid growth of merchandise exports made South Asia the fastest growing region in shipping out manufactured goods between 2000 and 2005, says a UN agency's annual report on industrial development. 'Manufactured exports from all developing regions, excepting Latin America, grew faster than the world average and faster than exports from developing countries,' said the report prepared by the United Nations Industrial Development Organisation (UNIDO).

February 15th, 2009 NEW DELHI - Despite the global economic slowdown, India is the second fastest growing economy in the world and has recorded a sustained growth of over 9 percent for three consecutive years for the first time, External Affairs Minister Pranab Mukherjee said Monday. Presenting the interim budget in the Lok Sabha, Mukherjee said the gross domestic product (GDP) has increased by 7.5 percent, 9.5 percent, 9.7 percent and 9 percent, respectively, in the four fiscal years between 2004-05 and 2007-08.

February 15th, 2009 NEW DELHI - India received about $32.4 billion of foreign investment in 2007-08, Minister for External Affairs Pranab Mukherjee said while presenting the interim budget 2009-10 in the Lok Sabha Monday. Foreign investment inflow during April-December 2008 was $23.3 billion, reflecting a growth of 45 percent over the same period in 2007, Mukherjee said.

February 15th, 2009 MUMBAI - Motion Picture Association of America (MPAA), a trade organization for American film industry, opened its first Indian office here Monday. Called the Motion Picture Dist.

February 11th, 2009 NEW DELHI - Fresh data released Thursday showed India's industrial output declined in December, but two key cabinet members said the country's economy would register a fast growth of around 7 percent. 'I am proud to say that in 2008-09 India will still grow by 7 percent,' said External Affairs Minister Pranab Mukherjee while addressing the 81st annual general meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI).