India's star dims, but still shines
Nov 25 - India's economy, a shining star among the emerging markets, is bearing the effects of the global financial crisis but growth continues.
Foreign investors are cashing out, credit markets are frozen and the business boom has slackened despite optimism that the country would be able to ride out the current crisis relatively unscathed.
Nonetheless, India's economy is expected to expand about 7 percent in 2008 and 2009 before recovering to above 8 percent in 2010 as world growth picks up, according to the Organisation for Economic Cooperation and Development (OECD).
Ruben Ramirez reports.
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