SubscribeAll Posts Tagged With: "india growth"
India’s Economy Standing Firm Amid the Growing Global Financial Crisis
In a surprise to many, India’s central bank has cut its base-lending rate four times since October, going from 9% to its current rate of 5.5%. After all, isn’t India’s economy growing nearly as fast as China’s? And isn’t that growth already being fueled by an unprecedented level of middle-class spending?
Story continues below…
|
Sign up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia.” |
The answer to both questions is a resounding “yes.”
But there’s a pesky asterisk here – and that’s the global financial crisis, the cash drought that has sapped nearly every…
8Jan2009 | Money Morning | 0 comments | ContinuedIndia Starts 2009 With More Rate Cuts and Stimuli
India started the year on an actionable note by sharply cutting interest rates and unveiling another stimulus package.
The Reserve Bank of India lowered its repurchase rate by one percentage point to 5.5%, and lowered the reverse-repurchase rate by one percentage point to 4%.
Story continues below…
|
Sign up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia.” |
As part of its stimulus plan, the government eased inflation controls and raised the overseas investment limit to $15 billion from $6 billion. India’s federal government also green-lighted state-level initiatives to raise an additional $6.18…
5Jan2009 | Money Morning | 0 comments | Continued
Loading ...
