China’s Pain Can Be India’s Gain

September 08, 2015 14:52
China’s Pain Can Be India’s Gain

Indian Prime Minister Narendra Modi who is completely focused on the economic growth of the country has called up for a meeting to discuss about the financial possibilities and how the country can manage the global economic turbulence. He has called the bankers and the billionaires to his residence today morning and it has been attended by industrialist Mukesh Ambani, Finance Minister Arun Jaitley, Chiefs of the private banks and RBI Governor Raghuram Rajan. The discussion mainly went on the discussion in bringing the opportunities for India to make it economically stronger.

Most of the invitees expressed that the policy makers need to act fast to strengthen us from the global jitters and this can happen by cutting the interest rates. They also suggested new duties on Chinese products so that the dumping gets minimized. The International Monetary Fund considers India's economy a rare bright spot among emerging markets. Also Modi revealed that he is in plans to attract more foreign investors as money will flow out from China. The experts are now predicting that India’s economy will grow at 8% from now and they are currently invading signs for economic recovery. ASSOCHAM, the committee asked RBI Governor Raghuram Rajan to slash the interest rates by 1.25 % to revive the investments.

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Narendra Modi  ASSOCHAM