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Article: India : India May Lead G20 in Stimulus Exit as Singh Signals Wind Back.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: datta03
India may be among the first Group of 20 nations to begin winding back fiscal stimulus after Prime Minister Manmohan Singh said faster economic growth would allow the measures to be withdrawn.
There are clear signs of an upturn in the economy, Singh told the India Economic Summit organized by the World Economic Forum in New Delhi yesterday. Like other countries we resorted to a significant stimulus and we will take appropriate action next year to wind this down.
Singh s comments are at odds with policy makers from the U.S., Japan, Australia and other G-20 nations who said at the weekend it s too early to withdraw fiscal steps ...