The global financial crisis will affect "every sector" of the Indian economy but growth will return in six to nine months, Finance Minister P Chidambaram has said. Indian companies will be affected but the economy remains strong. "Bottom lines in the profit and loss account will indeed be affected but it doesn't mean that something dramatic has happened in the Indian economy," he said at the sidelines of the G20 summit.
IMF says US economic growth will be close to zero for the rest of 2008.
http://www.ibnlive.com/news/zero-pc-growth-for-us-economy-in-09--markets-slide/76477-7.html
Economists agree that a rate below 3.0 per cent is recession territory.
http://www.ibnlive.com/news/global-economy-staring-at-recession-in-2009-poll/76138-7.html
He said stock market indices are not the indicators of the health of Indian economy.
http://www.ibnlive.com/news/economy-will-weather-the-storm-reassures-fm/75693-7.html
RBI Governor is in US for the World Bank and IMF meetings.
http://www.ibnlive.com/news/manmohan-asks-rbi-guv-to-cut-short-his-us-trip/75688-7.html
Chidambaram wants the World Bank and the IMF to ensure liquidity in markets.
http://www.ibnlive.com/news/all-eyes-on-markets-fm-asks-world-bank-imf-for-help/75685-7.html
"We don't see major drag from this impact on the country," says IMF.
http://www.ibnlive.com/news/meltdown-india-story-still-safe--world-backs-imf/75636-7.html
Inflation was 11.80 per cent for last week of September.
http://www.ibnlive.com/news/chidambaram-admits-inflation-remains-a-big-challenge/75622-7.html
Sources say he cancelled his visit to tackle situation arising out of the global financial crisis.
http://www.ibnlive.com/news/wary-of-financial-crisis-chidambaram-cancels-us-visit/75535-7.html
Finance Minister P Chidambaram on Friday promised to address liquidity.
http://www.ibnlive.com/news/fm-sends-sos-to-top-bankers--rupee-tanks--rbi-cuts-crr/75507-7.html
Chidambaram is expected to address both IMF and World Bank.
http://www.ibnlive.com/news/fm-joins-imf-rescue-team--asian-markets-plummet/75487-7.html
IMF says Asian countries are not totally immune to the US financial crisis.
http://www.ibnlive.com/news/financial-crisis-to-hit-india-gdp-may-slip-to-69-pc-imf/75330-7.html
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