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India to emerge from Global crisis faster than the developed nations

Neha Dhamija


Owing to the healthy forex reserves, impressive measures taken to handle the financial disturbance and attractive GDP growth rate, India is expected to outrun developed nations like UK, US and Japan and come up as a strong ‘survivor’ out of the turmoil.


The country is to rank fourth after China, Russia and S Korea whereas US, UK and Japan are expected to move down to 11th, 12th and 13th slots respectively. The revelation came as part of Assocham’s report titled \'India & G20: Economic fundamentals amid global recession\'.


The parameters that were considered to arrive at the conclusion include- spending power, tax structure, size of the economy, budget balances, interest rate policy, forex reserves and debt burden. Among these, India was placed at the last position (19th) when it came to budget balance and public debt as percentage of GDP; however the fourth rank with respect to foreign exchange reserves gave it the advantage to outwit the other competitors. The attempts to bring the situation in control comprise cuts announced in CRR (Cash Reserve ratio), repo rate and reverse repo rate.

 
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   Contact Us | About Us   Copyright © 2008 EconomyNews.in
India to emerge from Global crisis faster than the developed nations
<< Instability in equity and Debt marke... << Jet comes up w...
India to emerge from Global crisis faster than the developed nations

Neha Sood


Owing to the healthy forex reserves, impressive measures taken to handle the financial disturbance and attractive GDP growth rate, India is expected to outrun developed nations like UK, US and Japan and come up as a strong ‘survivor’ out of the turmoil.


The country is to rank fourth after China, Russia and S Korea whereas US, UK and Japan are expected to move down to 11th, 12th and 13th slots respectively. The revelation came as part of Assocham’s report titled \'India & G20: Economic fundamentals amid global recession\'.


The parameters that were considered to arrive at the conclusion include- spending power, tax structure, size of the economy, budget balances, interest rate policy, forex reserves and debt burden. Among these, India was placed at the last position (19th) when it came to budget balance and public debt as percentage of GDP; however the fourth rank with respect to foreign exchange reserves gave it the advantage to outwit the other competitors. The attempts to bring the situation in control comprise cuts announced in CRR (Cash Reserve ratio), repo rate and reverse repo rate.

 
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Japanese economy and its economic growth
Japanese economy is tagged as one of the leading economies of the world that stands second in the list. Its high-tech expertise and high quality products are famous worldwide that make this economy a major More..
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Recession in an economy, in general terms is described as a situation when an economy features slow economic activities, faces decline or no income situations. During this period the economy also suffers a steep fall in GDP growth rate, which tends to worsen situation further. The American economy is More..
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Recession is the prime story of the global economy since last few months. The economy is facing an uninterrupted downfall that has further sent invites to many disastrous results. These outcomes have gripped badly the international economy status that More..
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With the increase in liberalization, privatization and globalization of the economies, people of a given nation are more involved and thereby make greater contribution to their country's economic More..
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The 'most recognized' indicators used for assessing a nation's economic growth are 'GDP' (Gross Domestic Product), 'GNP' (Gross National Product) and Balance of Payments. More..
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In addition to being one of the most useful and trusted indicators of a nation's economic growth since decades, GDP also hints at the standard of living which the people of the country share. More..
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The current state of Global Economy can be compared to that of a giant ship that existed, by the name 'Titanic'. This huge object was projected as something that was 'unsinkable'. More..
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The US economy is the largest economy of the world. It is the most significant part of the world economy and can affect the international trade drastically More..
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   Contact Us | About Us   Copyright © 2008 EconomyNews.in