India’s economy to grow by 6 percent in 2009: ADB

September 25th, 2009 PITTSBURGH - Addressing the world leaders at the G-20 Summit here, Prime Minister Dr. Manmohan Singh reiterated that despite drought India expects to grow around 6.3 percent in 2009-10 and then recover to 7 to 7.5 percent growth next year "Despite a drought, which will affect agricultural production, we expect to grow by around 6.3 percent in 2009-10," Dr.

September 22nd, 2009 MANILA - The Indian economy is expected to grow by 6 percent this year as capital inflows, industrial production and business confidence soar, the Asian Development Bank (ADB) said in a report Tuesday.

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.

September 7th, 2009 NEW DELHI - India's economic growth is forecast to slip to 5 percent in 2009 from 7 percent during the previous calendar year, even as the world output is slated to decline by 2.7 percent, said a report released by a UN agency 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 annual Trade and Development Report of the United Nations Conference on Trade and Development (Unctad).

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).

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 10th, 2009 NEW DELHI - Indian cities have the potential to have over 300 new hypermarkets by 2011, mostly in tier-I and tier-II cities, according to a joint study by global auditor KPMG and the Associated Chamber of Commerce and Industry (Assocham). The study, Reinventing Indias Retail Sector, said: "Even in 2008, 212 towns had sufficient market potential for hypermarkets for break-even existence.

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 27th, 2009 NEW DELHI - The growth of India's gross domestic product (GDP) dropped to 5.3 percent in the third quarter ending Dec 31 last year, compared to a growth of 8.9 percent in the same period the previous year. The economy, usually equated to the GDP, had grown by 7.6 percent in the second quarter of this fiscal.

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 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.