October 15, 2010 india to grow 9.7 pc in 2010: imF E · PDF file ·...
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[ ] 7 October 15, 2010 ind ia to grow 9.7 pc in 2010: imF E ven as the world slowly recovers from its worst economic crisis in decades, the International Monetary Fund (IMF) on October 6 raised India’s projected growth to 9.7 percent in 2010 and 8.4 percent in 2011, led increasingly by domestic demand. “India’s macroeconomic performance has also been vigorous, with industrial production at a two- year high,” the IMF said, raising Indian growth estimate by 0.3 percentage points in its latest World Economic Outlook (WEO) ahead of the annual meetings of the IMF and the World Bank Group here on October 9-10. “Leading indicators — the production manufac- turing index and measures of business and consumer confidence — continue to point up” in India, said the WEO while around the world “thus far, economic recovery is proceeding broadly as expected, although downside risks remain elevated”. With most advanced and a few emerging economies still facing major adjustments and the financial sector still vulnerable to shocks, IMF said “global activity is forecast to expand by 4.8 percent in 2010 and 4.2 per- cent in 2011, with a temporary slowdown during the second half of 2010 and the first half of 2011”. While outputs “of emerging and developing economies are projected to expand at rates of 7.1 per- cent and 6.4 percent in 2010 and 2011, respectively”, in advanced economies, the growth was forecast to be 2.7 percent and 2.2 percent, respectively. In the case of India “robust corporate profits and favourable external financing will encourage investment”, the IMF said, noting recent activity (10 percent year-over-year growth in real GDP at market prices in the second quarter) was driven largely by investment. However, the contribution from net exports is pro- jected to turn negative in 2011, as the strength in investment further boosts imports, it said, noting “that the rapid pace of domestic activity, evidenced by rap- idly rising inflation, led the central bank to increase the repo policy rate, in steps, by a cumulative 125 basis points”. Growth in emerging Asia as a whole reached about 9.5 percent, as robust domestic demand spread from China, India and Indonesia to other Asian economies, the IMF said. A number of emerging economies have effected monetary tightening, with rate hikes (Brazil, India, Malaysia, Peru), increased cash reserve requirements (China, India, Turkey), or direct limits on credit growth (China). IMF said the tightening was expected to proceed at a gradual pace, as inflation was generally projected to be contained. Inflation is projected in general to stay low amid continued excess capacity and high unemployment. Stressing the need to strike a balance between sup- porting a self-sustained recovery in private activity over the near and medium terms and avoiding fiscal risk or overheating pressure, the IMF suggested, “Fiscal policy — in particular the unwinding of stimulus — needs to be carefully calibrated.” ‘ind ia’s wealth may double to $6.4 trillion by 2015’ I ndia’s robust economic growth is likely to drive the country’s for- tune to a whopping $6.4 trillion in the next five years, reflecting a nearly two-fold jump from the country’s current wealth, says a report. According to the Credit Suisse Global Wealth Report published for the first time, the total wealth of India has trebled in a decade to $3.5 trillion. By 2015, predicts the report, the country’s wealth could nearly double to $6.4 trillion. Besides, the global wealth, which now stood at $195 trillion, will rise by an impressive 61 percent to $315 trillion by 2015, primarily driven by the robust economic expansion in the emerging markets. Interestingly, Asia Pacific boasts of more billionaires than Europe. There are over 1,000 billion- aires globally, of which 500 are in North America, followed by 245 in the Asia-Pacific region and 230 in Europe. Meanwhile, in terms of the countries generating maximum wealth, the U.S. has emerged as the topper with a total of $54.6 trillion of household wealth fol- lowed by Japan at $21 trillion and China at $16.5 trillion. Most parts of Asia Pacific — ranging from commodities- driven economies such as New Zealand and Australia, to fast-growing emerg- ing economies such as China, India and the Association of Southeast Asian Nations (ASEAN) — have recorded astonishing growth of 100 to 400 per- cent in average wealth per adult. Abhinav Bindra & Gagan Narang Gold in Men’s Shooting 10m Air-Rifle pairs Anisa Sayyed & Rahi Sarnobat Gold in Women’s Shooting 25m Pistol pairs Anil Kumar Gold in Men’s Wresling (96 Kg) Sanjay Kumar Gold in Men’s Wresling (74 Kg) Ravinder Singh Gold in Men’s Wresling (60 Kg) Gagan Narang Gold in Men’s Shooting 10m Air Rifle and 50m Rifle Anisa Sayyed Gold in Women’s 25m Pistol Omkar Singh Gold in Men’s 50m Pistol and 10m Air Pistol Renu Bala Chanu Gold in Women’s Weightlifting (58 kg) Rajendra Kumar Gold in Men’s Wresling (55 Kg) Ravi Kumar Gold in Men’s Weightlifting (69 Kg) Harpreet Singh & Vijay Kumar Gold in Men’s 25m Centrefire Pistol Pairs Geeta Devi Gold in Women’s Freestyle Wrestling (55 kg) Gurpreet Singh & Omkar Singh Gold in Men’s 10m Air Pistol pairs Achanta Sharath & Subhajit Saha Gold in Men’s Table Tennis Doubles Dola Banerjee, Deepika Kumari & Bombayala Devi Gold in Women’s Archery Team Recurve Gagan Narang & Imran Hassan Gold in Men’s 50m Rifle 3 Positions pairs Vijay Kumar Gold in Men’s 25m Rapid Fire Pistol Alka Tomar Gold in Women’s Freestyle Wresling (59 Kg) Yogeshwar Dutt Gold in Men’s Freestyle Wrestling (60 kg) Narsingh Pancham Yadav Gold in Men’s Freestyle Wrestling (74 kg) Deepika Kumari Gold in Women’s Archery Individual Recurve Harpreet Singh Gold in Men’s 25m Centrefire Pistol Sushil Kumar Gold in Men’s Freestyle Wrestling (66 kg) Somdev Devvarman Gold in Men’s Tennis Singles Krishna Poonia Gold in Women’s Discus Throw Manjeet Kaur, Sini Jose, Ashwini & Mandeep Kaur Gold in Women’s 4x400 Relay Suranjoy Mayengbam Gold in Men’s Flyweight Boxing (52 kg) Paramjeet Samota Gold in Men’s Super Heavyweight Boxing (Over 91 kg) Ashwini Ponnappa Machimanda & Jwala Gutta Gold in Women’s Badminton Singles Manoj Kumar Gold in Men’s Light Welterweight Boxing (64 kg) Saina Nehwal Gold in Women’s Badminton Singles Anita Gold in Women’s Freestyle Wrestling (67 kg) Heena Sidhu & Annu Raj Gold in Women’s 10m Air Pistol pairs Gurpreet & Vijay Kumar Gold in Men’s 25 m Rapid Fire Pistol pairs Rahul Banerjee Gold in Men’s Archery Individual Recurve mission gold accomplished!
Transcript of October 15, 2010 india to grow 9.7 pc in 2010: imF E · PDF file ·...
[ ] 7October 15, 2010
india to grow 9.7 pc in 2010: imF
E ven as the world slowly recovers from itsworst economic crisis in decades, theInternational Monetary Fund (IMF) onOctober 6 raised India’s projected growth
to 9.7 percent in 2010 and 8.4 percent in 2011, ledincreasingly by domestic demand.“India’s macroeconomic performance has also
been vigorous, with industrial production at a two-year high,” the IMF said, raising Indian growthestimate by 0.3 percentage points in its latest WorldEconomic Outlook (WEO) ahead of the annualmeetings of the IMF and the World Bank Grouphere on October 9-10.“Leading indicators — the production manufac-
turing index and measures of business and consumerconfidence — continue to point up” in India, saidthe WEO while around the world “thus far, economicrecovery is proceeding broadly as expected, althoughdownside risks remain elevated”.With most advanced and a few emerging economies
still facing major adjustments and the financial sectorstill vulnerable to shocks, IMF said “global activity isforecast to expand by 4.8 percent in 2010 and 4.2 per-cent in 2011, with a temporary slowdown during thesecond half of 2010 and the first half of 2011”.While outputs “of emerging and developing
economies are projected to expand at rates of 7.1 per-cent and 6.4 percent in 2010 and 2011, respectively”,in advanced economies, the growth was forecast to be2.7 percent and 2.2 percent, respectively.In the case of India “robust corporate profits and
favourable external financing will encourageinvestment”, the IMF said, noting recent activity (10percent year-over-year growth in real GDP at marketprices in the second quarter) was driven largely byinvestment.However, the contribution from net exports is pro-
jected to turn negative in 2011, as the strength ininvestment further boosts imports, it said, noting “thatthe rapid pace of domestic activity, evidenced by rap-idly rising inflation, led the central bank to increasethe repo policy rate, in steps, by a cumulative 125 basispoints”.Growth in emerging Asia as a whole reached about
9.5 percent, as robust domestic demand spread fromChina, India and Indonesia to other Asian economies,the IMF said.A number of emerging economies have effected
monetary tightening, with rate hikes (Brazil, India,Malaysia, Peru), increased cash reserve requirements(China, India, Turkey), or direct limits on creditgrowth (China).IMF said the tightening was expected to proceed
at a gradual pace, as inflation was generally projectedto be contained. Inflation is projected in general tostay low amid continued excess capacity and highunemployment.Stressing the need to strike a balance between sup-
porting a self-sustained recovery in private activityover the near and medium terms and avoiding fiscalrisk or overheating pressure, the IMF suggested,“Fiscal policy — in particular the unwinding ofstimulus — needs to be carefully calibrated.”
‘india’s wealth may double to $6.4 trillion by 2015’
I ndia’s robust economic growth islikely to drive the country’s for-tune to a whopping $6.4 trillion in
the next five years, reflecting a nearlytwo-fold jump from the country’scurrent wealth, says a report. Accordingto the Credit Suisse Global WealthReport published for the first time, thetotal wealth of India has trebled in adecade to $3.5 trillion.
By 2015, predicts thereport, the country’swealth could nearlydouble to $6.4 trillion.Besides, the global
wealth, which nowstood at $195 trillion, will rise by animpressive 61 percent to $315 trillionby 2015, primarily driven by the robusteconomic expansion in the emerging
markets. Interestingly, Asia Pacificboasts of more billionaires thanEurope. There are over 1,000 billion-aires globally, of which 500 are inNorth America, followed by 245 in theAsia-Pacific region and 230 in Europe.Meanwhile, in terms of the countries
generating maximum wealth, the U.S.has emerged as the topper with a totalof $54.6 trillion of household wealth fol-
lowed by Japan at $21 trillion and Chinaat $16.5 trillion. Most parts of AsiaPacific — ranging from commodities-driven economies such as New Zealandand Australia, to fast-growing emerg-ing economies such as China, India andthe Association of Southeast AsianNations (ASEAN) — have recordedastonishing growth of 100 to 400 per-cent in average wealth per adult.
Abhinav Bindra & Gagan Narang
Gold in Men’s Shooting
10m Air-Rifle pairs
Anisa Sayyed & Rahi Sarnobat
Gold in Women’s Shooting
25m Pistol pairs
Anil Kumar
Gold in Men’s Wresling
(96 Kg)
Sanjay Kumar
Gold in Men’s Wresling
(74 Kg)
Ravinder Singh
Gold in Men’s Wresling
(60 Kg)
Gagan Narang
Gold in Men’s Shooting 10m Air
Rifle and 50m Rifle
Anisa Sayyed
Gold in Women’s 25m Pistol
Omkar Singh
Gold in Men’s 50m Pistol and 10m
Air Pistol
Renu Bala Chanu
Gold in Women’s
Weightlifting (58 kg)
Rajendra Kumar
Gold in Men’s Wresling
(55 Kg)
Ravi Kumar
Gold in Men’s Weightlifting
(69 Kg)
Harpreet Singh & Vijay Kumar
Gold in Men’s 25m Centrefire
Pistol Pairs
Geeta Devi
Gold in Women’s Freestyle
Wrestling (55 kg)
Gurpreet Singh & Omkar Singh
Gold in Men’s 10m Air
Pistol pairs
Achanta Sharath & Subhajit Saha
Gold in Men’s Table Tennis
Doubles
Dola Banerjee, Deepika Kumari &
Bombayala Devi
Gold in Women’s Archery Team Recurve
Gagan Narang & Imran Hassan
Gold in Men’s 50m Rifle 3
Positions pairs
Vijay Kumar
Gold in Men’s 25m Rapid
Fire Pistol
Alka Tomar
Gold in Women’s Freestyle
Wresling (59 Kg)
Yogeshwar Dutt
Gold in Men’s Freestyle
Wrestling (60 kg)
Narsingh Pancham Yadav
Gold in Men’s Freestyle
Wrestling (74 kg)
Deepika Kumari
Gold in Women’s Archery
Individual Recurve
Harpreet Singh
Gold in Men’s 25m Centrefire
Pistol
Sushil Kumar
Gold in Men’s Freestyle
Wrestling (66 kg)
Somdev Devvarman
Gold in Men’s Tennis
Singles
Krishna Poonia
Gold in Women’s Discus
Throw
Manjeet Kaur, Sini Jose, Ashwini
& Mandeep Kaur
Gold in Women’s 4x400 Relay
Suranjoy Mayengbam
Gold in Men’s Flyweight
Boxing (52 kg)
Paramjeet Samota
Gold in Men’s Super Heavyweight
Boxing (Over 91 kg)
Ashwini Ponnappa Machimanda
& Jwala Gutta
Gold in Women’s Badminton Singles
Manoj Kumar
Gold in Men’s Light
Welterweight Boxing (64 kg)
Saina Nehwal
Gold in Women’s Badminton
Singles
Anita
Gold in Women’s Freestyle
Wrestling (67 kg)
Heena Sidhu & Annu Raj
Gold in Women’s 10m
Air Pistol pairs
Gurpreet & Vijay Kumar
Gold in Men’s 25 m Rapid Fire
Pistol pairs
Rahul Banerjee
Gold in Men’s Archery
Individual Recurve
mission gold accomplished!
