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India fastest developing among ''larger economies'', says PM Modi

India fastest developing among ''larger economies'', says PM Modi

Prime Minister Narendra Modi on Sunday said India is the fastest developing country among the "larger economies of the world".

Slow growth in global trade, says World Bank

In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said.


French carmaker Renault chairman, Carlos Ghosn, said Saturday that he expects slower growth in Europe`s auto market next year as it continues to recover from the global economic crisis.

Set to grow faster, but won't sacrifice profitability: Chanda Kochhar

When asked by when the bank itself would have a headcount of more than one lakh, Kochhar said that would depend on the growth rate of the economy and the overall banking sector.

BRICS countries weathered global crisis well: India

India said on Thursday said BRICS nations have demonstrated economic resilience by weathering the global financial crisis rather well and are expected to play central role in post-crisis global economy.

'Address medium-term issues to sustain financial market rally'

Despite improvement in global financial stability in the past six months, an IMF study has warned that if progress on addressing medium-term challenges falters, rally in financial markets may prove unsustainable.

China's foreign trade likely to rise by 6% this year: Minister

China on Friday said its foreign trade is expected to increase by around 6 percent this year, well below the target of 10 percent due to downturn in exports owing to global economic crisis.

Global financial institutions on recovery path: Experts

Financial institutions are on path to recovery from the global economic crisis, an expert told a function organised by London Business School here.

Global financial system still vulnerable: IMF

Five years after the start of the crisis, global financial system is still not well and there is a lot of work to be done by regulators, supervisors, and the private sector to put it on a firmer footing, IMF has said in a report.

‘Global crisis forces reverse migration by up to 30%’

With concerns over the global economic situation and reports on growing unemployment, there is a rise in reverse brain drain by up to 30 percent, according to experts.

'Economic crisis may force donor nations to curtail development aids'

The ongoing global economic crisis has impacted development assistance funds provided by world's major economies to developing countries and such aids may fall further from its current levels, former foreign secretary Shyam Saran said here on Friday.

PM warns of economic troubles, seeks broad consensus

In the backdrop of the global economic crisis in recent years, Prime Minister Manmohan Singh Tuesday warned of "pitfalls" if India did not rise to the occasion and sought a "broad-based consensus" to meet the challenges.