SM Goh says Singapore, ASEAN stand to benefit from India

SM Goh says Singapore, ASEAN stand to benefit from India's rise By Imelda Saad/S Ramesh, Channel NewsAsia | Posted: 10 October 2008 1500 hrs SINGAPORE : Against the backdrop of a worldwide economic slump, India, together with China, could provide the engine of growth for the global economy. That is the view of delegates who are in Singapore for the Global Indian Diaspora Conference. Speaking at the event, Singapore's Senior Minister Goh Chok Tong also voiced his confidence in the Indian market, saying that Singapore and ASEAN stand to benefit from India's rise. Touching on his personal engagement with India, Mr Goh is convinced that India will be the next engine of growth, alongside China. India now accounts for almost 7 per cent of the world's gross domestic product. And by 2050, India's working population will be 50 per... [read full story]