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INDIA, CHINA TO CLOCK OVER 8 PCT GROWTH IN NEXT TWO YRS: S&P.
NEW DELHI, May 1 Asia Pulse - The recent turmoil in the global financial markets notwithstanding, two of the largest Asian economies -- India and China will grow at eight per cent or above in the next two years, says global credit rating agency S&P in its latest report.
According to the report titled '"Asian Resilience Amid Global Turbulence', strong regional drivers are expected to insulate the Asian economies from the adverse impact of a moderate recession in the US.
"Two of the three largest economies - China and India - are also the fastest growing and, together, they will continue to grow at about 8 per cent (or above) over the next two years. This provides the region with enormous momentum," S&P's Asia-Pacific chief economist Subir Gokarn said in a statement.
Even though Asia-Pacific growth rates would slow somewhat, the region would still grow at a relatively fast pace in 2008 and ...
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...have to understand is that both India and China think that the future belongs...stress friendly relations between India and China, and some trade analysts argue...the surface, particularly in India. China's GDP is three times that of...
- ECONOMY-ASIA: CHINA, INDIA SEE TRADE AS FENCE MENDER.
- News wire article from: Interpress Service November 20, 2006 700+ words
...border war in 1962, ties between India and China began to slowly thaw in the late...allege that these goods flow from China into India through its porous border with...countries. Two-way trade between India and China surged from $260 million in...