Sunday, February 08, 2009

Fwd: Holier Than Xinhua

a demonstration of chindu's loyalty towards its fatherland.

---------- Forwarded message ----------
From: Arun

 ADB: India shows resilience amid economic downturn

   MANILA, Feb. 7 (Xinhua) -- India has shown resilience amid the global economic downturn, the Asian Development Bank (ADB) said on Saturday.
    The global economies have seen a downturn, which may become even deeper, and the recovery will take longer than earlier expected, but India's economy was expected to grow at around 7 percent in 2008, the Manila-based bank said in a press release, quoting ADB president Haruhiko Kuroda.
    "Although lower than last year's 9-percent growth, this is nonetheless an impressive growth rate and a remarkable demonstration of India's resilience," said Kuroda, who also called for a "global solution" for the global financial crisis.

Global crisis to hit China more than India: ADB

7 Feb 2009,  PTI

NEW DELHI: Multilateral lending agency Asian Development Bank (ADB) on Saturday said that the impact of global financial meltdown will be much more on China than India as the Chinese economy is heavily dependent on exports.
"The extent of slowdown in China is much bigger than India because Chinese economy is more dependent on exports than Indian economy," ADB President Haruhiko Kuroda said in an interview to a news channel, adding that both China and India were not in recession.

Chindu is holier than Xinhua

No comments: