China is expected to lead the global aviation recovery thanks to its dynamic domestic air travel. The country will require 3,770 new airplanes valued at 400 billion USD over the next 20 years and will remain the world's largest commercial airplane market outside the United States, said Randy Tinseth, Boeing Commercial Airplanes' Vice-President for marketing. [caption id="attachment_52" align="alignleft" width="300" caption="Randy Tinseth"][/caption] "China is the world's most dynamic market for commercial airplanes. The strong domestic air travel growth in the country during the first half of this year gives us confidence that the world aviation industry is beginning to recover," said Tinseth, after ...

The Reserve Bank today said the soft monetary policy adopted by it to counter the impact of the global financial meltdown on the country will continue till the economic recovery is secured. "Especially on monetary policy, we will not exit unless we are sure that recovery is secured ...but soon thereafter when we make the judgment that the recovery is secured, we have to unwind the accommodation monetary policy," said RBI Governor, D. Subbarao. However, the Governor added, the government and the RBI will have to take a call on exiting from stimuli given for perking up the slowing down economy sooner ...

Is There IT Industry Back To Normalcy? The Indian IT industry was one of the worst hit by the recession on account of its almost complete dependence on international [caption id="attachment_13" align="alignright" width="300" caption="India IT Industry Review"][/caption] markets especially the US and Europe. The freeze on IT budgets by companies association Nasscom initially forecast that IT exports would grow by 22-24% in 2008-09, but as the recession deepened, this was revised down to 16%. For this fiscal, the association making a tentative return. around the world meant that new orders dried up. Industry has projected a mere 4-7% growth to $48-50 billion. [caption ...