'India is doing better than other economies'
Thursday, 06 November 2008, 04:27 Hrs
New Delhi:Indian economy will not be affected as badly as other countries by the global financial crisis as it has a strong growth record, Jamie Dimon, chief executive of financial services firm JP Mrgan Chase, said.
"India is doing far better than most other countries. Most important that you (India) might slow down a little bit but you have still a pretty good growth, so I don't think it needs to do quiet anything like it has been done elsewhere," Dimon said in an interview with NDTV.
He, however, said that the global economic scenario was alarming and the current crisis was "worst since the great depression" of 1930s.
Referring to the great depression, he said: "I don't think it will go that bad but that will be the worst."
With the three major economies - the U.S, Europe and Japan - facing downturn, Dimon urged the emerging economies to be prepared to deal with its consequences.
"The three 3 major economies in the world are slowing down that it will have an effect on them (emerging economies)," he said.
Source: IANS
"India is doing far better than most other countries. Most important that you (India) might slow down a little bit but you have still a pretty good growth, so I don't think it needs to do quiet anything like it has been done elsewhere," Dimon said in an interview with NDTV.
He, however, said that the global economic scenario was alarming and the current crisis was "worst since the great depression" of 1930s.
Referring to the great depression, he said: "I don't think it will go that bad but that will be the worst."
With the three major economies - the U.S, Europe and Japan - facing downturn, Dimon urged the emerging economies to be prepared to deal with its consequences.
"The three 3 major economies in the world are slowing down that it will have an effect on them (emerging economies)," he said.
Source: IANS
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Reader's comments (3)
1: He is right..................that the
scientist are not thinking about the
education....................
Posted by: shimona - 16 May, 2009
2: That is right the question is with so much of
technology development that how world
scientists could not pridict the same and
want to go on moon in search of some thing.
here people and un educated and poor
corruption is becoming imperative. so let the
three leading countries say what they are
doing so that people get solace
govind
govind
Posted by: govind - 08 Nov, 2008
3: he's right...India can face the slowdown head
on...and not be least affected by it
Posted by: garima - 05 Nov, 2008
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