India's Reddy on the global economy

The Reserve Bank of India is optimistic that the country's mutually beneficial relationship with the global economy will continue, Y.V. Reddy, the governor of the central bank, said.

"Indians are providing services in various parts of the world - the US, Middle East, UK and East Asia," Reddy said. "Their annual contribution by way of remittances is about three per cent of GDP now. These are in addition to the export of services, especially software, which are of the same order."

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