IMF considers impact of climate change on economy The International Monetary Fund will spell out the economic implications of climate change in research and discussions set for early 2008, a senior IMF official said on Wednesday, as governments gather in Bali for post-Kyoto negotiations. 06 Dec 2007
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China, India vow to stablise world economy China and India will act in concert to stabilise the world economy amid a slew of problems from the U.S. subprime meltdown to rising protectionism, according to a Sino-India joint statement released on Tuesday. 05 Dec 2007
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Asia not yet substitute for U.S. growth: RBI The governor of the Reserve Bank of India (RBI) said it is unrealistic for now to expect Asia to substitute for the United States as the major engine of global growth, although the region's economies may be becoming less dependent on U.S. demand. 04 Dec 2007
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Malaysia, India most upbeat on globalization: Study Manufacturers in Malaysia, India and Singapore are most likely to see globalization as an opportunity for their businesses, while those in Thailand, Australia and New Zealand were most likely to view it as a threat, a study released by accounting firm Grant Thornton International has revealed. 04 Dec 2007
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A cocky India enjoys global economic limelight...for the moment This year, perhaps more than ever, India has bulged with self-confidence - some say dangerous cockiness - that underscores how executives, politicians and the middle-classes feel the global economic juggernaut is unstoppable. 03 Dec 2007
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India, EU seek to forge unity on trade, climate India hopes to seal a free trade pact with the EU next year and sought joint efforts to combat climate change ahead of an environment summit next week, leaders said on Friday. 30 Nov 2007
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Chidambaram sees FY growth close to 9 percent Finance minister Palaniappan Chidambaram said on Friday he expected the economy to grow at close to 9 percent in the financial year to end-March, and that inflation would remain at current levels in the months ahead. 30 Nov 2007
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Indian economy decelerates India's annual economic growth dipped below 9 percent for the first time in three quarters in July-September as industrial output slowed, but analysts said the central bank's full-year forecast of 8.5 percent should be met. 30 Nov 2007
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India deal good for world economy: Mandelson A free trade pact between India and the European Union would provide a big boost to both economies and help shore up global demand if the world economy begins to cool, the EU's trade chief said. 29 Nov 2007
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India cannot be immune to global events: RBI India cannot be immune to global developments even though local banks have insignificant exposure to the subprime crisis, and the Reserve Bank of India (RBI) is ready to act as needed, its governor said. 27 Nov 2007
