While many economists are looking at a lower Indian growth trajectory, Gerard Lyons Chief Economist and Group Head of Global Research at Standard Chartered Bank tells CNBC-TV18, why he believes that our growth will be on an average at 8.5% for the next 20 years up until 2030.
The United States recognizes that India will keep buying oil from Iran but is not actively suggesting ways to pay for it without violating international sanctions on Iran, a US Treasury official said.
There is a growing fear among experts that rising crude and commodity prices could derail the efforts to contain inflation, which has started moderating. Rob Subbaraman, Chief Asia Economist, Nomura feels that inflation is going to stay stubbornly high not only in India but in most of Asian countries.
World stocks and industrial metals managed to claw their way slightly higher while oil prices fell in volatile trade on Tuesday after China raised interest rates for the second time in six weeks, spurring worries that global growth will be crimped.