"India is one of the bright spots in the economy because of the reforms we are undertaking and its rising growth prospects," Jaitley, who is currently visiting Washington to attend the annual Spring meeting of the International Monetary Fund and the World Bank, said.
Britain needs 10 years of austerity to resolve its economic problems, independent think-tank Reform.
In an interview to CNBC-TV18, Adi Godrej, chairman of Godrej Industries, economics professor Ila Patnaik and Business Standard’s editor Sanjay Baru discuss the multiple economic problems facing India in the background of the Anna experience and the alleged paralysis of the government.
The heads of the US Federal Reserve, IMF and OECD stepped up pressure on political leaders on both sides of the Atlantic to shake off their inertia and tackle urgent economic problems.
Seeking to allay fears in the wake of the economic problems in the US, Finance Minister Pranab Mukherjee today said India's fundamentals are strong and the country is in a better position than other nations to meet the challenge although there could be some impact.