India, the third largest economy in Asia after Japan and China, saw its fastest growth rate in eighteen months during the quarter ending in September, 2009 and India's overall 7.9 percent growth for the year far exceeded industry and specialist forecasts of 6.3 percent. With growth expected to top 8 percent in 2010, India's sustained economic recovery is helping to pull the global economy out of the worst recession in recent history and is positioning India as an economic powerhouse in South Asia and internationally. However, as India continues its recovery, it faces rising food prices and mounting inflationary pressures. Analysts predict that India will see inflation jump from 1.3 to nearly 8 percent by the end of the coming fiscal year; and food prices, long an issue of concern in the rural areas, are up 15.6 percent over the previous year, contributing to social unrest. As India considers raising interest rates and cutting stimulus spending sooner than it had planned, how will it manage contractionary fiscal and monetary policy while sustaining growth and creating jobs for its 1.1 billion citizens, including 600 million people under the age of 25? How will India address the persistent lack of infrastructure and economic development outside its western and southern regions? Join Jahangir X. Aziz, chief economist for JP Morgan India, and Dipak Dasgupta, lead economist for Indi and South Asia at the World Bank, and they discuss these and other challenges India faces in its recovery from recession.

This call will be part of the2009-2010 "Recovering from Recession" conference call series, which examines regions and countries experiencing economic, political, and social shifts and developments exacerbated by or resulting from the global financial crisis. Drawing on experts from the United States and from the regions under discussion, these calls will address the factors influencing recovery and the impact of economic shifts on politics and policy.

This call will be part of the 2009-2010 "Recovering from Recession" conference call series, which examines regions and countries experiencing economic, political, and social shifts and developments exacerbated by or resulting from the global financial crisis.  Drawing on experts from the United States and from the regions under discussion, these calls will address the factors influencing recovery and the impact of economic shifts on politics and policy.

Speakers: Eduardo Cavallo,  Research Economist, Inter-American Development Bank 
Joaquin Vial, Chief Economist, South America, Banco Bilbao Vizcaya Argentaria (BBVA)
Lisa M. Schineller, Director, Sovereign Ratings, Standard and Poor's

Presider: Teresa Ressel, Chief Executive Officer, UBS Securities LLC

The International Monetary Fund and others are predicting that Latin America will fully emerge from recession in 2010. However, recovery in the region is not homogenous across countries, nor is it clear how positive economic developments in certain countries are affecting the larger region. What does Latin America's economic emergence from recession portend for politics and power in the region, and between the region and the United States, and for international business? Please join Joaquín Vial and Lisa Schineller for a discussion on the nuanced reality facing Latin America as it emerges from the economic downturn. 

This call will be part of the 2009-2010 "Recovering from Recession" conference call series, which examines regions and countries experiencing economic, political, and social shifts and developments exacerbated by or resulting from the global financial crisis.  Drawing on experts from the United States and from the regions under discussion, these calls will address the factors influencing recovery and the impact of economic shifts on politics and policy.