Most of the Asia-Pacific economies would be cushioned by healthy foreign exchange reserves in the last quarter of the current calendar year, global ratings agency, Standard & Poor, said in a report.
India has emerged as the brightest spot in the Asia Pacific region as reform has picked up pace in the country in recent months, a top credit rating agency has said.
Subir Gokarn, Executive Director and Chief Economist at Standard & Poor's Asia Pacific, is heading the shortlist of candidates for the Reserve Bank of India Deputy Governor's post. Gokarn is also a Business Standard columnist.
Leading economists on Friday called for more fiscal measures to sustain the Indian growth story.
Standard & Poor's Ratings Services on Wednesday affirmed its BB foreign currency and BB+ local currency, long-term sovereign credit ratings on India.
China will lead Asia-Pacific sovereigns in economic growth in 2008, followed by India, Standard & Poor's Ratings Services said. Though Japan is still the largest economy in the region, China' growth could position the country as the biggest economy in Asia-Pacific and the second-largest globally within the next five years.
Ratings agency Standard & Poor's on Monday cautioned that it could lower the sovereign ratings of countries like India, Japan and Malaysia, which 'are still to come out of the economic meltdown of 2008'.
Global rating agency Standard & Poors (S&P) has said that despite the outlook for Indian corporates being stable, a negative bias persists with corporate entities pursuing rapid inorganic growth with leveraged buyouts and debt-supported expansion.
Global rating agency Standard & Poor's on Thursday warned Asia may see lower growth this year due to adverse impact of oil price pressure and tsunami, but said India will be an 'exception.'
RBI had rescheduled the starting date for its implementation.
We expect the region to record another year of solid growth in 2011, the survey said.
S&P, which holds 51.4 per cent in Crisil, named Roopa Kudva as the region head for South Asia. Kudva would be part of S&P's Asia-Pacific executive committee, the agency said in a statement. She would continue as the managing director and CEO of Crisil.
Credit rating agency Standard & Poor's has projected that India's consumer price increases are likely to come down next year because of monetary tightening by the central bank. In a quarterly assessment of the Asia-Pacific region, S&P has estimated that consumer prices will increase in the range of 5-5.5 per cent, down from this year's level of 8.5-9 per cent.
Global credit rating agency Standard & Poor's on Thursday said India's economic growth may fall marginally to 7.5-8 per cent, but inflation outlook remained stable at 5-5.5 per cent in 2007.
Growth in the Asia-Pacific region will be low, the aqency said
There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.
Expectations of continued stimulus withdrawal by the US Federal Reserve added to the market's gloom.
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
The 30-share Sensex ended higher by 30 points.
'The good news is that money continues to flow into India-focussed offshore funds.'
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
Beijing did not announce expected policy support over the weekend
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
He was number three in 1999 when the company was founded.
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