ID :
31900
Mon, 11/24/2008 - 09:28
Auther :
Shortlink :
http://m.oananews.org//node/31900
The shortlink copeid
India strong enough to weather financial crisis: Ravi
Sridhar Krishnaswami
Washington, Nov 23 (PTI) Describing India as a "key economic theatre" that will shape future growth prospects of the world economy, Union Minister Valayar Ravi has said the country has the "capacity and resilience" to weather the global financial turmoil.
"For our part the growth in technology, innovation and
the size of the market in India combined with the demographic
advantage that we hold, makes India a key economic theatre
that will substantially shape future growth prospects of the
global economy," he said.
In his inaugural address to the convention of the
National Federation of Indian Associations in Seattle, Ravi,
the Minister for Overseas Indian Affairs said India is on its
way to grow at over seven percent despite the raging economic
crisis worldwide.
"We are witness to the biggest taxpayer bailouts of
international banks and corporates across the USA and Europe,
unprecedented, in history," Ravi, Minister for Overseas Indian
Affairs said.
"Yet, India remains stable and our economy continues on a
high growth trajectory. We are on course to record a growth of
between 7 to 7.5 percent this year," he said, adding Indian
economy has both the "capacity and resilience" to weather the
storm.
Lauding the election of Barack Obama as the next US
President, Ravi said it sent a message of inclusive and
equitable growth to the outside world.
"The election of Obama as the next President has sent an
inspiring and profound message to the world - the message of
inclusive and equitable growth, of peace and prosperity," Ravi
said in prepared remarks sent to PTI here.
He also saluted the efforts of the Indian American
community in facilitating the conclusion of the Indo-US civil
nuclear deal, and said the landmark agreement is a "historic
milestone" in the country's march to becoming an economic
powerhouse.
"It marks the beginning of a new and exciting period in
our history. It also enables us to meet the development needs
across several sectors of the economy without compromising our
commitment to non-proliferation.
I wish to salute the efforts of the Indo-American
community in supporting and facilitating the conclusion of
this pioneering agreement," he said. PTI SK
DEP
Washington, Nov 23 (PTI) Describing India as a "key economic theatre" that will shape future growth prospects of the world economy, Union Minister Valayar Ravi has said the country has the "capacity and resilience" to weather the global financial turmoil.
"For our part the growth in technology, innovation and
the size of the market in India combined with the demographic
advantage that we hold, makes India a key economic theatre
that will substantially shape future growth prospects of the
global economy," he said.
In his inaugural address to the convention of the
National Federation of Indian Associations in Seattle, Ravi,
the Minister for Overseas Indian Affairs said India is on its
way to grow at over seven percent despite the raging economic
crisis worldwide.
"We are witness to the biggest taxpayer bailouts of
international banks and corporates across the USA and Europe,
unprecedented, in history," Ravi, Minister for Overseas Indian
Affairs said.
"Yet, India remains stable and our economy continues on a
high growth trajectory. We are on course to record a growth of
between 7 to 7.5 percent this year," he said, adding Indian
economy has both the "capacity and resilience" to weather the
storm.
Lauding the election of Barack Obama as the next US
President, Ravi said it sent a message of inclusive and
equitable growth to the outside world.
"The election of Obama as the next President has sent an
inspiring and profound message to the world - the message of
inclusive and equitable growth, of peace and prosperity," Ravi
said in prepared remarks sent to PTI here.
He also saluted the efforts of the Indian American
community in facilitating the conclusion of the Indo-US civil
nuclear deal, and said the landmark agreement is a "historic
milestone" in the country's march to becoming an economic
powerhouse.
"It marks the beginning of a new and exciting period in
our history. It also enables us to meet the development needs
across several sectors of the economy without compromising our
commitment to non-proliferation.
I wish to salute the efforts of the Indo-American
community in supporting and facilitating the conclusion of
this pioneering agreement," he said. PTI SK
DEP
