India may soon withdraw economic stimulus measures

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Updated November 10, 2009 13:51:28

India might be the first economy to withdraw its economic stimulus measures according to Prime Minister Manmohan Singh. Speaking to the World Economic Forum in New Delhi at the weekend, Mr Singh said the Indian economy had a good chance of growing by 7 per cent next year. There've also been positive indications from Singapore and Australia that a permanent reversal in the downturn may not be far away, although G20 leaders have agreed to keep pumping in stimulus funds until a full recovery is assured.

Presenter: Karon Snowdon
Speakers: Indian Prime Minister Manmohan Singh; Adit Jain, Chairman, IMA-India; Phil Lowe, Assistant Governor, Reserve Bank of Australia

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