VOA标准英语2009年-India's Economy Grows at Fastest Pace

India's economy grew by 7.9 percent in the three months through September - its fastest pace since last year's global financial crisis.

Anjana Pasricha | New Delhi 30 November 2009

Indian Finance Minister Pranab Mukherjee (file photo)

"The initiatives taken by the government by providing stimulus¹ and helping² the generation of demand domestically has paid dividend," Finance Minister Pranab Mukherjee said.

 India's economy grew by 7.9 percent in the three months through September - its fastest pace since last year's global financial crisis.  India, along with several other Asian economies, is recovering from the global slowdown.  

Officials say the latest numbers show that the Indian economy is beating forecasts to grow at a faster-than-expected rate. The growth in the July to September quarter is the highest since April, last year.

Finance Minister Pranab Mukherjee says the recovery has been helped by government stimulus spending and a surge in manufacturing.  

"One point is quite clear [is] that the initiatives taken by the government by providing stimulus and helping the generation of demand domestically has paid dividend," he noted³.  "And, corporate⁴ sector⁵ is also responding.  The industrial growth is taking place.  Negative growth of exports has come down.  And, I do hope things will be okay."

The good news cheered stock markets.  The benchmark Sensex index was up by about one-and-a-half percent, Monday, after the government released the new data.  

But, as the economy picks up, the focus is now on how the government will handle  inflation, which has been rising in recent months.  Food prices have climbed by more than 12 percent, recently, adversely⁶ affecting millions of poor people in the country.    

Most policy makers⁷ expect the government to raise interest rates in the coming months.

However, a top policy adviser⁸ to the government, Montek Singh Ahluwalia, says the government is unlikely to tighten⁹ monetary¹⁰ policy in the near future.   

"At the moment, the main concern on the inflationary front, I think, is food prices and you know food prices are not something that is going to be affected¹¹ by introducing a monetary squeeze," he said.

Although the global slowdown put the brakes on India's economy, it weathered the financial crisis better than Western countries.  And, like other several other Asian economies, India now appears to be recovering quickly. Economists¹² say Asia is leading the world out of recession, as countries like China, Singapore, and South Korea begin to post good growth in recent months.

 

1 stimulus   

n.刺激，刺激物，促进因素，引起兴奋的事物

参考例句：

• Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
• Light is a stimulus to growth in plants.光是促进植物生长的一个因素。

2 helping   

n.食物的一份&adj.帮助人的，辅助的

参考例句：

• The poor children regularly pony up for a second helping of my hamburger. 那些可怜的孩子们总是要求我把我的汉堡包再给他们一份。
• By doing this, they may at times be helping to restore competition. 这样一来, 他在某些时候,有助于竞争的加强。

3 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

4 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

5 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

6 adversely   

ad.有害地

参考例句：

• We commented adversely upon the imbecility of that message of telegraphic style. 我们对着这条电报式的愚蠢的留言发泄了一通不满。
• Widely fluctuating exchange rates may adversely affect international trade. 浮动幅度很大的汇率可能会对国际贸易产生有害的影响。

7 makers   

n.制造者，制造商（maker的复数形式）

参考例句：

• The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
• The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》

8 adviser   

n.劝告者，顾问

参考例句：

• They employed me as an adviser.他们聘请我当顾问。
• Our department has engaged a foreign teacher as phonetic adviser.我们系已经聘请了一位外籍老师作为语音顾问。

9 tighten   

v.(使)变紧；(使)绷紧

参考例句：

• Turn the screw to the right to tighten it.向右转动螺钉把它拧紧。
• Some countries tighten monetary policy to avoid inflation.一些国家实行紧缩银根的货币政策，以避免通货膨胀。

10 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

11 affected   

adj.不自然的，假装的

参考例句：

• She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
• His manners are affected.他的态度不自然。

12 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》