The Economic Times, 10 Oct 2008
SINGAPORE: Singapore on Friday said the global financial crisis, which has had a debilitating impact on world economies will take time to subside, but voiced optimism that Asia's dynamism, spurred by the growth of India and China will help the region endure the turbulence.
"Both India and China are continuing to transform their economies and after the turbulence passes, which eventually it will, their emergence in a stable and peaceful region will benefit many other Asian countries," Singapore premier Lee Hsien Loong told over 800 non-resident Indians from 20 countries gathered here for the Prawasi Bharatiya Diwas (PBD).
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