Indian economy to grow by 6 percent in 2009: ADB

September 22nd, 2009 MANILA - The Indian economy is expected to grow by 6 percent in 2009 as capital inflows, industrial production and business confidence soar, the Asian Development Bank (ADB) said Tuesday. In the Asian Development Outlook 2009 Update, the bank said that while agricultural output for 2009 was expected to remain stunted and exports weak, adroit economic management in the form of fiscal stimulus packages and accommodative monetary policy had minimised damage from the global financial crisis.

September 17th, 2009 HYDERABAD - Indian economy will see "definite signs of recovery" in the second half of the current financial year and will grow between 6 and 6.5 percent in the fiscal, Prime Minister's Economic Advisory Council chairman C. Rangarajan said here Thursday.

September 7th, 2009 NEW DELHI - The Indian economy could grow by 5 percent this year even as the world output is slated to decline by 2.7 percent, a report said Monday. "Since domestic demand accounts for a large and increasing share of total demand, South Asia, particularly India, is expected to see continued growth in 2009," said the trade and development report, 2009, of the United Nations Conference on Trade and Development (UNCTAD).

September 7th, 2009 DUBAI - The United Arab Emirates (UAE) economy is expected to grow by at least three percent in 2009 despite the continuing global financial crisis, WAM news agency reported Monday quoting a senior minister. Minister of Foreign Trade Sheikha Lubna Al-Qasimi said the country's business councils, and local, regional and multinational companies were playing a crucial role in this growth.

August 21st, 2009 BANGALORE - India Inc Friday hoped the economy would grow close to 6-7 percent this fiscal despite drought in many parts of the country. "The economic growth may take a marginal hit of 0.5-1 percent due to drought in large parts of central and northern India, which has come after seven years of good rains," Confederation of Indian Industry (CII) president Venu Srinivasan told reporters here.

July 21st, 2009 NEW DELHI - India's economy is expected to grow at around 7 percent this fiscal, Minister of State for Finance Namo Narain Meena said in the Rajya Sabha Tuesday. "As per the Economic Survey for 2008-09 and assuming the monsoon would be normal, India's gross domestic product (GDP) is expected to grow at around 7 percent in the fiscal 2009-10," Meena said.

July 8th, 2009 WASHINGTON - The world is beginning to pull out of its first recession since World War II, the International Monetary Fund said Wednesday. In an updated economic forecast, the IMF said the global economy was already stabilising, the financial crisis has eased and the recession will end in the second half of this year.

June 11th, 2009 NEW DELHI - The Indian economy is expected to grow by 7.2 percent in the current fiscal, primarily driven by improvements in consumer sentiment, rural economy, and policy reforms, said an industry survey released here Thursday. According to the survey, conducted by the Associated Chambers of Commerce and Industry of India (Assocham), about 42 percent of the respondents believe policy reforms would cast massive impact on the GDP (gross domestic product) growth.

May 12th, 2009 Australian economy forecast to grow in 2010-11CANBERRA, Australia — Treasurer Wayne Swan says the Australian economy is forecast to shrink half a percentage point in the next fiscal year then rebound to 2.25 percent growth in the following 2010-11 fiscal year. Swan revealed the current Treasury forecasts Tuesday as he released his government's budget for the next fiscal year beginning July 1, 2009.

April 4th, 2009 KOLKATA - Despite the economic slowdown, the Indian economy is likely to grow 7-8 percent in 2009-10, ICICI Bank chief executive K.V. Kamath said here Saturday.

March 19th, 2009 NEW DELHI - India's economy will grow by at least 5 percent in 2009-10, a Planning Commission member said here Wednesday. 'We should see at least a 5 percent growth in GDP (gross domestic product) in 2009-10.

February 11th, 2009 NEW DELHI - The Indian economy will grow by 7 percent this fiscal even as recent projections by global agencies like the International Monetary Fund (IMF) say that advanced countries' economies would shrink by 2 percent, Minister for External Affairs Pranab Mukherjee said here Thursday. 'I am proud to say that in 2008-09 India will still grow by 7 percent,' said Mukherjee while addressing the 81st annual general meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI).

January 28th, 2009 NEW DELHI - The Indian economy will grow at 7 percent in the current fiscal, External Affairs and stand-in Finance Minister Pranab Mukherjee said here Thursday. 'Indian economy will bounce back as the fundamentals of the economy are strong,' Mukherjee told reporters after meeting officials of the finance ministry.

January 19th, 2009 NEW DELHI - India's economic growth will fall to 5.8 percent and inflation to one percent in the next fiscal, a Goldman Sachs report released Tuesday said. 'The Indian economy will go through a challenging time in 2009.

January 18th, 2009 NEW DELHI - India's demand for oil will grow at six percent, the same as last year, Petroleum Secretary R.S. Pandey said here Monday.