WRAPUP 1-India fiscal stimulus to stay, summer crop seen down
* India will maintain fiscal stimulus
* Summer-sown grain seen down 18 pct on year
* Fiscal prudence needed says finmin
* Return to 9 pct growth could take a year
By Tony Munroe and Rajkumar Ray
NEW DELHI, Nov 3 (Reuters) - India will maintain its fiscal stimulus due to uncertainty arising from a poor monsoon and the global outlook, the finance minister said on Tuesday, as data showed the summer crop could post a bigger-than-expected fall.
But Pranab Mukherjee also said there were distinct signs of pick-up in Asia's third-largest economy, with banks told to boost lending as non-farm credit growth remained an area of concern.
"For the present I maintain that the fiscal stimulus will have to continue, to allow its impact to fully run through the economy," Mukherjee told the annual Economic Editors conference. Continued...
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage





India
US
UK







