29 Apr 2008 | 09:31
Economy expected to grow 8.1% in 2008/09: RBI survey
A survey of professional forecasters by the Reserve Bank of India (RBI) showed that the Indian economy is expected to grow 8.1% in the 2008/09 fiscal year that began this month. In 2007/08, the gross domestic product is estimated to have grown 8.7%.
RBI announces its annual monetary policy review tomorrow, 29 April 2008.
29 Apr 2008 | 10:19
PM expects inflation to moderate following government measures
Prime Minister Manmohan Singh today said the broad macroeconomic fundamentals of the Indian economy are robust and the medium- and long-term outlook is highly encouraging. He said he was confident that steps taken by the government would help moderate high prices.
29 Apr 2008 | 11:34
PM attributes global food price rise to diversion from food crops to biofuels
Prime Minister Manmohan Singh today said the diversion of land from food crops to biofuels and increasing use of available food grains and vegetable oils for the production of biofuels have greatly contributed to the rising global food prices. The world community has not done enough to address this challenge, he said.
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