Sign up | Log in




Home  >>  Daily News  >>  ASEAN STOCK WATCH

ASEAN STOCK WATCH Asean Affairs   3 January 2011


Shayne Heffernan

Despite local challenges the Indian economy is set to start 2011 on a strong note. The newly established Financial Stability and Development Council (FSDC), which met last Friday for the first time, has estimated the economy not only sustaining its present growth levels, but also attaining double-digit growth in the coming years. This double digit growth in India will resonate through out the world with the biggest benefits flowing to India's ASEAN neighbors.

The 1st FSDC meeting, chaired by the Indian Finance Minister, Mr Pranab Mukherjee, conducted a detailed study of the state of the Indian economy and also the signs of economic recovery in the West. It concluded that India's exports are likely to see an improvement in 2011, on the back of better economic growth in the US, Asia and China.

The European Union could also see positive growth though the sovereign debt crisis and woes of some nations are a matter of concern, it was noted.

The general conclusion was that 2011 could see some improvement in the world economy.

The currency issues, as is being played out, could have implications for India, the FSDC noted.

It was felt that the US effort to keep the value of currencies artificially low could have adverse impact on the competitiveness of Indian companies, both within, and outside the country.

"If nations adopt protectionist measures, it could have serious implications for the world economy as a whole," the FSDC said in a statement.

It was also decided at the meeting that necessary guidelines for FSDC's functioning would soon be issued.


Shayne Heffernan brings more than 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over US$500m and 1 that reach a peak market cap of US$15billion. He has managed and overseen start-ups in Mining, Shipping, Technology and Financial Services.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand