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India sees strong growth despite 'grave' US
(AFP)
<p>NEW DELHI (AFP) ? India insisted on Saturday its economy would still grow strongly despite the “grave” situation created by Standard and Poor’s decision to strip the United States of its top-rank AAA credit rating.</p> <p> S&P sent shock waves across the world when it cut the US rating on Friday from AAA to AA+ with a negative outlook, saying US politicians had been unable to come up with a credible plan to tackle the country’s huge debt load.</p> <p> “The situation is grave,” Finance Minister Pranab Mukherjee said.</p> <p> But “our markets have the capacity to withstand the negative sentiments affecting the external world,” he told business leaders in a speech in the Indian capital.</p> <p> “There is a crisis but I’m not unnecessarily worried. There’s no point in pressing the panic button,” he said, a day after India’s stock market plunged to a more than one-year low on worries about the global economy.</p> <p> Mukherjee forecast Asia’s third-largest economy would be able to match
India sees strong growth despite 'grave' US
(AFP) <p>NEW DELHI (AFP) ? India insisted on Saturday its economy would still grow strongly despite the “grave” situation created by Standard and Poor’s decision to strip the United States of its top-rank AAA credit rating.</p> <p> S&P sent shock waves across the world when it cut the US rating on Friday from AAA to AA+ with a negative outlook, saying US politicians had been unable to come up with a credible plan to tackle the country’s huge debt load.</p> <p> “The situation is grave,” Finance Minister Pranab Mukherjee said.</p> <p> But “our markets have the capacity to withstand the negative sentiments affecting the external world,” he told business leaders in a speech in the Indian capital.</p> <p> “There is a crisis but I’m not unnecessarily worried. There’s no point in pressing the panic button,” he said, a day after India’s stock market plunged to a more than one-year low on worries about the global economy.</p> <p> Mukherjee forecast Asia’s third-largest economy would be able to match
India sees strong growth despite 'grave' US
(AFP) <p>NEW DELHI (AFP) ? India insisted on Saturday its economy would still grow strongly despite the “grave” situation created by Standard and Poor’s decision to strip the United States of its top-rank AAA credit rating.</p> <p> S&P sent shock waves across the world when it cut the US rating on Friday from AAA to AA+ with a negative outlook, saying US politicians had been unable to come up with a credible plan to tackle the country’s huge debt load.</p> <p> “The situation is grave,” Finance Minister Pranab Mukherjee said.</p> <p> But “our markets have the capacity to withstand the negative sentiments affecting the external world,” he told business leaders in a speech in the Indian capital.</p> <p> “There is a crisis but I’m not unnecessarily worried. There’s no point in pressing the panic button,” he said, a day after India’s stock market plunged to a more than one-year low on worries about the global economy.</p> <p> Mukherjee forecast Asia’s third-largest economy would be able to match
India sees strong growth despite 'grave' US
(AFP) <p>NEW DELHI (AFP) ? India insisted on Saturday its economy would still grow strongly despite the “grave” situation created by Standard and Poor’s decision to strip the United States of its top-rank AAA credit rating.</p> <p> S&P sent shock waves across the world when it cut the US rating on Friday from AAA to AA+ with a negative outlook, saying US politicians had been unable to come up with a credible plan to tackle the country’s huge debt load.</p> <p> “The situation is grave,” Finance Minister Pranab Mukherjee said.</p> <p> But “our markets have the capacity to withstand the negative sentiments affecting the external world,” he told business leaders in a speech in the Indian capital.</p> <p> “There is a crisis but I’m not unnecessarily worried. There’s no point in pressing the panic button,” he said, a day after India’s stock market plunged to a more than one-year low on worries about the global economy.</p> <p> Mukherjee forecast Asia’s third-largest economy would be able to match
India sees strong growth despite 'grave' US
(AFP) <p>NEW DELHI (AFP) ? India insisted on Saturday its economy would still grow strongly despite the “grave” situation created by Standard and Poor’s decision to strip the United States of its top-rank AAA credit rating.</p> <p> S&P sent shock waves across the world when it cut the US rating on Friday from AAA to AA+ with a negative outlook, saying US politicians had been unable to come up with a credible plan to tackle the country’s huge debt load.</p> <p> “The situation is grave,” Finance Minister Pranab Mukherjee said.</p> <p> But “our markets have the capacity to withstand the negative sentiments affecting the external world,” he told business leaders in a speech in the Indian capital.</p> <p> “There is a crisis but I’m not unnecessarily worried. There’s no point in pressing the panic button,” he said, a day after India’s stock market plunged to a more than one-year low on worries about the global economy.</p> <p> Mukherjee forecast Asia’s third-largest economy would be able to match
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