Economy
NCAER maintains real GDP at 7.2%, despite mixed signals
BOLSTERED by the satisfactory progress of the monsoon, the National Council of Applied Economic Research (NCAER) maintains its earlier forecast of 7.2 per cent growth in real GDP for the current fiscal, even as mixed signals emanate from industry, trade and financial sectors as the economy is in the midst of the crucial second quarter.

`Poor nations should have greater say in world market'
EVEN as the phenomenon of globalisation has resulted in growing interdependence of markets and production in different countries, there is a need for a further increase in the participation of developing countries in the world market, according to Dr. No rbert Walter, Chief Economist of the Deutsche Bank Group.

Moody's warns against debt repayment defaults
SOVEREIGN analysts at Moody's Investors Service have warned that countries that restructure their debts or miss payments on bonds or bank loans are increasingly at risk of being sued.

Focus on deficit, not exchange rate: Sachs
THE noted economist and Director of the Centre for International Development (CID), Harvard University, Prof. Jeffrey D. Sachs, has observed that Indian policymakers should not be worried so much by the unfavourable rupee/dollar exchange rate, which appa rently does seem to be their wont, as instead by the sheer size of the intractable fiscal deficit the country is saddled with.

Foreign Trade
German investments on the rise
GERMAN investments in India's software and engineering and consultancy services have increased at an unprecedented 35 per cent and 48 per cent respectively during January-June 2000, according to the Indo-German Chamber of Commerce.

Textiles
Readymade garment exports reflect buoyant trend
ECHOING the buoyant trend in the country's overall exports during the first quarter of the current fiscal, the readymade garment (RMG) segment, which accounts for a lion's share within textile exports, has logged a 12 per cent growth in dollar terms as c ompared to the comparable period of 1999.

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