Business Today

To be precise

     Print Edition: December 14, 2008

P. Chidambaram, Finance Minister
P. Chidambaram
“India is still shining. Given the current situation, I am sure at least 150 finance ministers from all over the world will give their left hand and left leg to get that growth”
Madhur Bajaj, Vice Chairman, Bajaj Auto, in Business Standard

“The economy will rebound in six to nine months”
P. Chidambaram, Finance Minister, in The Financial Express

“The crisis is likely to affect countries that were foolish enough to open up their financial services industry to foreign banks. That way India is relatively insulated from the recession”
Joseph E. Stiglitz, Nobel Laureate, when asked about India being safe from the recession, in Business Standard

“There’s a fear psychosis—if I lend, I won’t get it back. That’s why the spread, too, has gone up. We need much more liquidity in the system”
Deepak Parekh, Chairman, HDFC, on why the banks won’t lend, in Business Standard

“Good reputation will help Indian companies grow”
Bill Gates, Chairman, Microsoft, about the Indian IT companies in times of global slowdown, in The Economic Times

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