HisWellness.com - Global rating agency Standard & Poor's today said India's GDP would moderate to 8-8.5 per cent in 2011, though Asia would continue to record robust economic growth despite uncertainties in Japan.
India's growth rate, according to the 'Asia-Pacific Markets Outlook 2011' report released by the S&P today, would moderate to 8-8.5 per cent this year, from 8.6 per cent in the previous year.
HisWellness.com - Global rating agency Standard & Poor's today said India's GDP would moderate to 8-8.5 per cent in 2011, though Asia would continue to record robust economic growth despite uncertainties in Japan.
India's growth rate, according to the 'Asia-Pacific Markets Outlook 2011' report released by the S&P today, would moderate to 8-8.5 per cent this year, from 8.6 per cent in the previous year.
HisWellness.com - Global rating agency Standard & Poor's today said India's GDP would moderate to 8-8.5 per cent in 2011, though Asia would continue to record robust economic growth despite uncertainties in Japan.
India's growth rate, according to the 'Asia-Pacific Markets Outlook 2011' report released by the S&P today, would moderate to 8-8.5 per cent this year, from 8.6 per cent in the previous year.
Asian nations, India to record high
growth in 2011: S&P
PTI, Mar 16, 2011, 02.40pm IST
Tags: US | S&P Asia - Pacific Head Tom Schiller
NEW DELHI: Global rating agency Standard & Poor's today said India's
GDP would moderate to 8-8.5 per cent in 2011, though Asia would
continue to record robust economic growth despite uncertainties in Japan
India's growth rate, according to the ‘Asia-Pacific Markets Outlook 2011' report released by the S&P today,
‘would moderate to 8-8.5 per cent this year, from 8.6 per cent in the previous year.
"We expect the region to record another year of solid growth in 2011 after 2010 proved that Asia is emerging
from the crisis in a strong position, even as the economic picture for Japan following the recent earthquake
remains less clear,” S&P Asia-Pacific Head Tom Schiller said.
According to projections by S&P, China would grow by 9.1-9.6 per cent in 2011, while Japan could post 1.3-1.8
per cent growth in the year.
Japan, which had expanded by 4 per cent in 2010, is currently battling the impact of a devastating earthquake,
‘ollowed by Tsunami last week, which triggered a radiation leakage from one of its nuclear plants
According to S&P, the Asia-Pacific economies is poised to post solid growth in 2011. "...We expect GDP
growth rates in 12 of the 14 major regional economies to moderate from 2010 growth rates, given that US
‘economic conditions remain soft and doubts remain over the sustainability of the euro zone recovery,” it said.
Inthe APAC region, Australia and New Zealand are expected to grow at a faster pace in 2011.
“Our baseline forecasts suggest that China, India, Vietnam, and Indonesia will show the strongest GDP growth
in 2011. We believe that 2012 promises stronger growth rates across most of the region," the report said
According to S&P, South Korea is projected to grow by 4.3 -4.8 per cent in 2011.
Within Southeast Asia, Singapore's growth could moderate to 4.6-6 per cent. ftom 14.5 per cent in 2010, while
is expected to grow by 4.8-5.3 per cent and Indonesia could see an expansion of §.9-6.4 per cent in
The report also pointed out that food prices would continue to remain at elevated levels in the near term, which
could be a cause of concemn for the Asian region, particularly, India and China.
“There is also a risk that a sustained rise in food prices could fuel inflationary expectations and spark a bigger
policy challenge for all governments around the region in the form af a wage-price spiral," S&P said in the report.