India's growth, he said, remains resilient with low inflation, fiscal prudence and low current account deficit, talking about robust structural reform measures.
The Sensex ended at a fresh record closing high of 28,889 while Nifty ended at a fresh record closing high of 8,730.
India still has to go a long way to implement reforms in various sectors.
India is keen on the issue of equal share holding since it doesn't want a repeat of the distortions that have crept into Bretton Woods institutions like International Monetary Fund, World Bank and the Asian Development Bank in which rich countries like the US and Japan have a strangle hold.
The Brics line-up has yielded to a shaky China-India story, with new question marks over China even as India remains a "B+" performer, says T N Ninan.
Saudi Arabia relies more heavily on migrant labour than any other large country.
India has undertaken a number of structural reforms.
India this year will emerge as the world's seventh largest economy, up from the 12 th position in 2008.
Positive cues from the global market front aided the rally.
RBI Governor Raghuram Rajan wanted to improve training for staff, through initiatives such as sending them to other central banks for short stints.
The IMF dashed any hope that Athens could avert default.
Since the 1984 national elections, no party has won a clear majority in the lower house of Parliament, a US intelligence report has observed. Vicky Nanjappa reports.
Their reopening followed Prime Minister Alexis Tsipras' reluctant acceptance of a tough package of bailout demands from European partners
'A lot of people,' says India's Ambassador to the US, 'are struggling how to define this relationship.' Aziz Haniffa/Rediff.com reports from Washington, DC.
As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
Responding to questions, the World Bank president insisted that this slowdown is temporary.
Will Greece manage to pay euro 1.5 billion to IMF?
Borrowing from BRICS bank will help India avoid other kinds of politics emanating from the West. Overall, the BRICS institutions will necessarily adopt alternative ways of doing things based on their own cultural and socio economic needs, says M K Venu.
Even US equities are now back to end-2014 levels.
It would be a miracle indeed if we grow at 7/8 per cent a year over the current and next few years, says A V Rajwade
What China's market crash means for India
Of the 20 deaths reported in the last 24 hours, eight were from Maharashtra, three each from Gujarat and Madhya Pradesh, two from Jammu and Kashmir and one each from Punjab, Uttar Pradesh, Karnataka and Tamil Nadu.
Tough conditions imposed by global lenders could cause an outcry.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances