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FMCG sector high on confidence in FY09, to grow by 16 percent: FICCIIndia's fast-moving consumer goods industry is set to grow at a faster pace in 2008-09 (FY09) than the previous year, driven by rising income and increasing consumer demand, a survey conducted by India's premier commerce and industry body, FICCI, has revealed.
Pakistan risks crisis: World BankPakistan's new government must take urgent action to prevent the country's economy from tipping into crisis, the World Bank warned Thursday.
IMF endorses wealth fund guide planThe International Monetary Fund on Friday endorsed staff plans to develop best practice guidelines for sovereign wealth funds and said it would meet with wealth funds in April to start working on an initial draft.
Clinton calls for $30 billion housing fundDemocratic presidential hopeful Hillary Clinton called on Thursday for a second stimulus package, including a $30 billion emergency housing fund, to help boost the ailing U.S. economy.
Foreign firms seek a bite of India's $90 billion food marketGetting a foothold in India's processed foods market, estimated to be worth $90 billion, requires persistence and a willingness to adapt products to suit culinary and cultural preferences, experts say.
Govt. to take fiscal steps to fight inflation: ChidambaramIndia's Finance Minister Palaniappan Chidambaram said on Monday the government would take more fiscal steps to contain rising inflation.
Finance Minister announces Rs.10,000 crore farm debt relief fundFinance Minister P Chidambaram has announced that in order to raise funds for the ambitious Rs. 60,000 crore farm loan relief fund declared in the budget 2008-09, a fund of Rs. 10,000 crore has been assigned which had been mentioned earlier in the supplementary demands for grants 2007-08.
Lalu Prasad weaves magic with 5th annual railway budgetUnion Railway Minister Lalu Prasad Yadav struck the right chord with 1 billion-plus people of India, Tuesday, by unveiling the 5th annual Railway Budget that included cuts in passenger fares and freight rates and ambitious plans to modernize the rail infrastructure.
Core sector growth in India slips to 4 percentInfluenced by US economic slowdown, rupee appreciation against the dollar, rising inflation and tightening monetary policy, core sector growth in India is slowing down, the Commerce and Industry Ministry has warned.
India PM confident of 9 percent economic growth, promises to keep inflation in checkIndia's Prime Minister Dr. Manmohan Singh said India is in a position to sustain economic growth of 9 percent despite a possible global slowdown and promised to keep inflation under control.
IMF pegs India's economic growth at 8.75 percent, says not immune from global crisisThe International Monetary Fund (IMF) has pegged India's economic growth for the fiscal year ending March 2008 at 8.75 percent but warned that the third largest Asian economy was not immune to financial crisis which had already affected the US and Europe.
India's IT-BPO industry set to touch $75 billion by 2010: NasscomSigns of economic slowdown in the US and rupee appreciation notwithstanding, the National Association of Software and Services Companies (Nasscom), the consortium that serves as the apex body of the Indian IT software and BPO industry said that India's IT-BPO industry is poised to achieve the target of $75 billion in overall software and services revenues by 2010.
India's industrial activity expected to cool: HSBCIndia's industrial activity is expected to cool as the impact of the central bank's policy tightening and the rupee's appreciation is felt, HSBC said in a research note on Tuesday.
Bilateral trade between India, Russia can touch $20 billion by 2015 if trade impediments are removed: FICCIAhead of Russian Prime Minister's visit to India on Feb. 11, the Federation of Indian Chambers of Commerce and Industry (FICCI) said, Feb. 10, that trade between the two nations could touch $10 billion by 2010 and double that amount by 2015, if some trade impediments and procedural hassles are addressed.
India's FinMin sees near 9 percent economic growth in 2007/08In spite of weak global markets, Asias third largest economy, India, will grow at a robust pace of 9 percent during the current fiscal, India's Finance Minister P. Chidambaram has promised.
Indian tech market to reach $24.3 billion by 2011: GartnerPropelled by the increasing domestic spend on IT infrastructure, the information and communications technology (ICT) market in India is projected to grow at a five-year compound annual growth rate (CAGR) of 20.3 percent to reach $24.3 billion or nearly two percent of the countrys gross domestic product (GDP) by 2011, a report released by IT research and advisory firm Gartner Inc. has revealed.
Economic woes deepen gloom before vote in PakistanEconomic issues loomed large over Pakistan's bloody election campaign as food queues and power cuts further dimmed President Pervez Musharraf's political fortunes just 12 days after his main rival was killed.
India can sustain 9-10 percent GDP growth: PMConditions were favourable for India to achieve and sustain economic growth of 9-10 percent, although it required an increase in savings and investment rates, Prime Minister Manmohan Singh said on Tuesday.
India pips China as better telecom investmentPhone companies hoping to boost profits by seeking growth in China's market for mobile data and other services take note: The world's largest telecoms market may be growing quickly but India is a better bet.
Pakistan economy can still hit targets: FinMinPakistan can still meet most of its economic targets, the finance minister said on Sunday, despite political crisis and a glum outlook by the central bank.
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