OK,I know it's not pre-market,but in light of todays falls,I thought I would deliver some very much overlooked GOOD NEWS.
All this talk about Japan,ignores a bigger,better story.
India probably world's 3rd largest economy: OECD
LONDON: India has probably surpassed Japan to become the world's third largest economy after the US and China, Paris-based think-tank OECD said today even as it lowered the country's economic growth projection for 2013 to 5.3 per cent.
"China will likely pass the United States as the world's largest economy in the next few years and India has probably recently surpassed Japan to be third largest," said the OECD Economic Outlook report.
Until around 2020, China is set to have to highest growth rate among major countries, but could be then surpassed by India, it further said.
OECD also said that by early 2030s, the BRIICS' (Brazil, Russia, India, Indonesia, China and South Africa) combined GDP should roughly equal that of the OECD (based on current membership), compared with just over half that of OECD now.
OK,now India IS on the march,so here is some GREAT NEWS:-
Indian economy likely to grow at 6.4 per cent...
The Indian economy “can grow” at 6.4 per cent during the current fiscal, aided by the improvement in “investor sentiment,” said C. Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister, on Thursday.
Speaking at an interactive session organised by the Bangalore Chamber of Industry and Commerce (BCIC), Mr. Rangarajan said the recent flurry of policy announcements relating to Foreign Direct Investment (FDI), and the efforts to remove “supply-side bottlenecks”, would result in growth improving from the 5 per cent growth estimated for 2012-13.
And this.....
UPDATE 2-Fitch returns India to 'stable' outlook, surprising markets
But wait,there is more GOOD NEWS....
Improving ties with India would brighten future of Pakistan: expert
"And one of the reasons Sharif is doing this is because the economy he inherits in Pakistan is in shambles. There is very weak growth, a huge energy problem, a crumbling infrastructure. Sharif, who is at root an industrialist and a businessman, understands that the only real way Pakistan can
hope to improve its economy is by linking its economic future to the fastest-growing economy in South Asia and one of the fastest-growing economies in the world and that's India," Riedel said.
All sounds GOOD to me.Just can't understand why the mainstream media ignores all the GOOD NEWS?
