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India among few bright spots in global economy: IMF Chief

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Updated: September 5, 2015 17:55 IST
India among few bright spots in global economy: IMF Chief - The Hindu

Lagardereuters09e8_2536781f.jpg

IMF chief Christine Lagarde at a meeting of G20 Finance Minister and Central Bank Governors in Ankara on Friday said that among emerging economies, if there is any growth, it is in India.

Among emerging economies, if there is any growth, that is in India, says Christine Lagarde
International Monetary Fund (IMF) Chief Christine Lagarde has said that India is among the few bright spots in the global economy.

Her remarks came at the meeting of G20 Finance Minister and Central Bank Governors on Friday where they discussed Chinese economic slowdown and monetary policy uncertainties looming large on global markets.

Ms. Lagarde told the gathering that between advanced and emerging economies, there were problems in most of the places in advanced world, while in emerging economies, there were problems in China although not that big as stock markets were making it to be, officials present at the meeting said.

‘Growth is in India’

“Among emerging economies, if there is any growth, that is in India. India is among the few bright spots in the global economy,” the officials said quoting Ms. Lagarde.

According to the officials, Reserve Bank of India’s head Raghuram Rajan at the same meeting said that they were surrounded by economic gloom probably hinting at concerns over slowdown in China.

Policymakers from South Korea, Australia, China and the U.S. were among those who were present at the meeting.

China’s assurance

Meanwhile, China on Friday assured other G20 member countries that its economy would not collapse and would continue to grow albeit at a slower pace, officials said.

On Thursday, India deprecated the recent devaluation of major currencies followed by currency depreciation in a large number of emerging markets which raises the risk of competitive devaluations.

“Currency devaluations at a time when the global demand is sluggish is a major threat to stability in the global economy,” India had said.
 
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Updated: September 5, 2015 17:55 IST
India among few bright spots in global economy: IMF Chief - The Hindu

Lagardereuters09e8_2536781f.jpg

IMF chief Christine Lagarde at a meeting of G20 Finance Minister and Central Bank Governors in Ankara on Friday said that among emerging economies, if there is any growth, it is in India.

Among emerging economies, if there is any growth, that is in India, says Christine Lagarde
International Monetary Fund (IMF) Chief Christine Lagarde has said that India is among the few bright spots in the global economy.

Her remarks came at the meeting of G20 Finance Minister and Central Bank Governors on Friday where they discussed Chinese economic slowdown and monetary policy uncertainties looming large on global markets.

Ms. Lagarde told the gathering that between advanced and emerging economies, there were problems in most of the places in advanced world, while in emerging economies, there were problems in China although not that big as stock markets were making it to be, officials present at the meeting said.

‘Growth is in India’

“Among emerging economies, if there is any growth, that is in India. India is among the few bright spots in the global economy,” the officials said quoting Ms. Lagarde.

According to the officials, Reserve Bank of India’s head Raghuram Rajan at the same meeting said that they were surrounded by economic gloom probably hinting at concerns over slowdown in China.

Policymakers from South Korea, Australia, China and the U.S. were among those who were present at the meeting.

China’s assurance

Meanwhile, China on Friday assured other G20 member countries that its economy would not collapse and would continue to grow albeit at a slower pace, officials said.

On Thursday, India deprecated the recent devaluation of major currencies followed by currency depreciation in a large number of emerging markets which raises the risk of competitive devaluations.

“Currency devaluations at a time when the global demand is sluggish is a major threat to stability in the global economy,” India had said.
huh ! ! ! IMF is not creditable source :whistle:
Trolls out here will be burning with jealousy!! :p:
 
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Updated: September 5, 2015 17:55 IST
India among few bright spots in global economy: IMF Chief - The Hindu

Lagardereuters09e8_2536781f.jpg

IMF chief Christine Lagarde at a meeting of G20 Finance Minister and Central Bank Governors in Ankara on Friday said that among emerging economies, if there is any growth, it is in India.

Among emerging economies, if there is any growth, that is in India, says Christine Lagarde
International Monetary Fund (IMF) Chief Christine Lagarde has said that India is among the few bright spots in the global economy.

Her remarks came at the meeting of G20 Finance Minister and Central Bank Governors on Friday where they discussed Chinese economic slowdown and monetary policy uncertainties looming large on global markets.

Ms. Lagarde told the gathering that between advanced and emerging economies, there were problems in most of the places in advanced world, while in emerging economies, there were problems in China although not that big as stock markets were making it to be, officials present at the meeting said.

‘Growth is in India’

“Among emerging economies, if there is any growth, that is in India. India is among the few bright spots in the global economy,” the officials said quoting Ms. Lagarde.

According to the officials, Reserve Bank of India’s head Raghuram Rajan at the same meeting said that they were surrounded by economic gloom probably hinting at concerns over slowdown in China.

Policymakers from South Korea, Australia, China and the U.S. were among those who were present at the meeting.

China’s assurance

Meanwhile, China on Friday assured other G20 member countries that its economy would not collapse and would continue to grow albeit at a slower pace, officials said.

On Thursday, India deprecated the recent devaluation of major currencies followed by currency depreciation in a large number of emerging markets which raises the risk of competitive devaluations.

“Currency devaluations at a time when the global demand is sluggish is a major threat to stability in the global economy,” India had said.


Actually what she meant to say was Indian snake-oil accountants among few bright spots in global economy: :rofl:
 
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With real signs of the world entering a recession, India might literally be the only growth story. We need to improve our domestic consumption, which means increasing the purchasing power of our people. It would also be a good time to build more infrastructure and production capability to jump in when global demand starts picking up.
 
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If india can generate enough internal demand growth then this decade is going to be India's to be taken although no world economy is insulated from world happenings
 
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It's not snake oil accounting. They call it Vedic math.


Another crap poster.... prediction by IMF is vedic accounting and that by World Bank and Economist is Hindu fundamentalist...

Your hate means you have some twisted logic where everybody in this world is conspiring against your country aka China and everyone is Vedic agents be it UN/ IMF/ WB....:rofl:

There is a saying.... newly converted Christians are more holier than the Pope.... similarly fake American (aka Chinese) act more anti-India than Hafees Saeed or LeT
 
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Actually what she meant to say was Indian snake-oil accountants among few bright spots in global economy: :rofl:

Hey whats that in the news? Seems your country is in trouble.... you can laugh later.... in the meantime your stock markets lost 3.3 trillion USD while your Forex decreased by 100 billion USD in one month.... at this rate, Chinese forex will be less than 3 trillion by the end of 2015 :lol::lol:
 
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mian lahore me to bahut garmi hogi na, aur koi naukari mili yaa abhi bhi internet cafe me paisa aur time barbad kar rahe ho :P

Since English rule India, use English.

dude he is no chinese he is our dear jihadi neighbor to the west, he is worst of false flaggers :D, by his writing style he wants us to believe he is from china but his hate levels against hindus totally expose himself as a internet jeehardi :)
probably a frustrated jobless youth who is probably working in his chacha's internet cafe in lahore. haha

Wrong, guess again. LOL
 
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I remember Chad had the fastest growth rate last year alone with Turkmenistan`````they are among few bright economies that 'push' the world economy` not China, USA and Western countries```:lol:
 
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