इंडियन आवाज़     26 Feb 2024 05:47:03      انڈین آواز
FreeCurrencyRates.com

India strong enough to withstand global debt crisis

Talking media here Finance Minister Pranab Mukherjee said: “ India’s economic fundamentals are strong and the country can withstand any adverse impact on capital and trade flows”. Mr Mukherjee said that the need was to focus more on encouraging domestic consumption and domestic growth. At the same time, the government would fast track the implementation of the pending reforms to keep up the investors confidence in Indian market, he said.

The Finance Minister also expressed confidence that India will see a greater inflows fo foreign institutional investors in view of the higher returns to global investors.

Echoing similar sentiments, Prime Minister’s Economic Advisory Council Chairman, Mr C Rangarajan said the down grading of US sovereign rating will negatively impact exports and moderate capital flows into the country. He, however, said that US economy’s slow growth is likely to impact the world more than its downgrade.

Government’s Chief Economic Advisor Mr Kaushik Basu said that the crisis in US and other nations is a matter of concern but not a matter of alarm because in the long run India’s growth story remains more or less intact.

Reacting to global events, Planning Commission Deputy Chairman Mr Montek Singh Ahluwalia said, the negative reaction in the market to the US downgrade is on expected lines. He also exuded confidence that Indian markets will stabilise in a couple of days as the economy back home is mostly domestically driven.

Leave a Reply

Your email address will not be published.

خبرنامہ

من کی بات: وزیر اعظم نریندر مودی نے نوجوانوں سے ریکارڈ تعداد میں ووٹ ڈالنے کی اپیل کی۔-MANN KI BAAT

خصوصی نامہ نگاروزیر اعظم نریندر مودی نے پہلی بار ووٹروں سے ا ...

اتر پردیش کے کاس گنج میں ٹریکٹر الٹ گیا، حادثے میں 24 افراد کی موت-UP KASGANJ

AMN / WEB DESK اتر پردیش کے کاس گنج میں ہفتہ کو ایک بڑا حادثہ پیش آ ...

شعبۂ اردو، جامعہ ملیہ اسلامیہ کے زیر اہتمام یک روزہ ریسرچ اسکالر،طلبا سمینار کا انعقاد-URDU

نئی دہلی شعبۂ اردو، جامعہ ملیہ اسلامیہ کے زیر اہتمام یک رو ...

MARQUEE

Singapore: PM urges married Singaporean couples to have babies during year of Dragon

@leehsienloong AMN / WEB DESK Prime Minister of Singapore Lee Hsien Loong has urged married Singaporean ...

Himachal Pradesh receives large number of tourists for Christmas and New Year celebrations

AMN / SHIMLA All the tourist places of Himachal Pradesh are witnessing large number of tourists for the Ch ...

Indonesia offers free entry visa to Indian travelers

AMN / WEB DESK In a bid to give further boost to its tourism industry and bring a multiplier effect on the ...

MEDIA

Anurag Thakur launches various online portals for RNI and CBC

Information and Broadcasting Minister, Anurag Thakur on Thursday launched four portals of the Ministry includi ...

Provisions for Media Coverage, Media Facilities and Health Preparedness for Pran Pratishtha

WEB DESK Elaborate Arrangements are being made for the smooth and successful conduct of the consecratio ...

GOVERNMENT AWAAZ

Governments ‘s aim is to provide jobs to 10 Lakhs Youth in Government and PSU, says Prahlad Joshi

@JoshiPralhad Union Minister of Parliamentary Affairs Prahlad Joshi said governments 's aim is to prov ...

Prices of essential commodities are under control: Govt

AMN / WEB DESK The Government has said that prices of essential commodities like Sugar, Wheat, Rice and Edi ...

@Powered By: Logicsart