Nitte (Udupi District): Manoj Vaish, president and CEO of Dun and Bradstreet India, Mumbai, said on Friday that although the global economic slowdown was the worst eco­nomic crisis since the Great Depression. India would re­cover faster than other coun­tries. He was speaking after inaugurating a two-day na­tional conference on "Reces­sion, recovery and resurgence: responses in the Indian economy" organised by the Justice K.S. Hegde In­stitute of Management here.

Mr. Vaish said that the global recession had little im­pact on the Indian economy. The Indian and Chinese economies would grow at a healthy rate. In India, the Re­serve Bank was cautious in taking decisions. This helped the country's economy in protecting itself from the ef­fects of the global slowdown. However, sectors such as tex­tiles, gems and jewellery and real estate were slightly af­fected by the recession, he said. The domestic demand was able to fuel the growth of our economy. Bulk of capital requirement of the economy was funded by its own re­sources. The high savings rate was also helping the economy.

Member of the Planning Commission, New Delhi, Na-rendra Jadhav was among those present.