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WASHINGTON - India and China will again take the lead with 8.8 and 10 percent growth this year as Asia continues to lead the global recovery growing at about 7 percent for two years, IMF officials say.
Even as India's airlines were struggling to get back to normalcy after weathering the global recession, the volcanic ash from Iceland has given the industry another jolt while also affecting the country's exports.
WASHINGTON - India has asked the International Monetary Fund (IMF) "to reshape and redefine its role and mandate" in tune with the times to play a pivotal role in warning about future global crises and help foster strong and sustainable growth.
NEW DELHI - The Indian services industry is back to its pre-slowdown level, with many of its key sectors reporting double digit growth, says a Confederation of Indian Industry (CII) survey.
WASHINGTON - Recovering rapidly from the global financial crisis, India is poised to grow at 8 percent this year, but inflation and excessive capital flows could pose a challenge, a gathering of world finance ministers was told Saturday.
