Sunday, 7 August 2011

FM confident on Indian economy


India today exuded confidence that credit rating agency Standard & Poor’s decision to downgrade the sovereign rating of the US would not have any adverse impact on the country.

After issuing an initial statement earlier in the day that the situation was ‘grave’, the government assured investors that India’s growth story was intact and the country would achieve high growth despite weak global sentiments. We will have to analyse the situation. It will require some time…

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