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The Indian economy is likely to have grown at 5.5 % in the July-September quarter, posing a "difficult situation," the country's federal finance minister, P. Chidambaram, said Saturday. "When growth declines to 5.5% as it has in the first quarter [April-June] of this financial year and when the growth is likely to be around 5.5% in the second quarter of this financial year, it goes without saying we are facing a difficult situation," Mr. Chidambaram told a bankers' conference in the Western Indian city of Pune.

A gauge of manufacturing activity in China rose slightly in September but remained in contractionary territory for the 11th consecutive month, indicating that the world's second-largest economy is still slowing.

Northern India's power grid crashed Monday, halting trains, forcing hospitals and airports onto backup power and providing a dark reminder of the nation's inability to feed a growing hunger for energy as it strives to become an economic power....

Coca-Cola Co. says it will invest an additional $3 billion in India through 2020 as it looks to capitalize on the growing market. The world's biggest beverage maker, whose brands include Minute Maid, Dasani and Powerade, has seen some of its biggest gains come from emerging markets as growth at home has slowed.

The Indian government plans to take steps to boost exports and increase dollar inflows to give a much-need lift to the economy and arrest the slide in the Indian rupee, a senior official from the finance ministry said Saturday.

A World Trade Organisation panel on Friday ruled in favor of the United States in a case against import duties imposed by China on a specialty steel product used in power transformers.

India’s problems have dampened hopes that it, along with China and other non-Western economies, might help revive global growth.

At least 30 people, many of them women and children, are feared dead after a foot bridge spanning a river in north-eastern India collapses.

Measuring the country’s economic development against that of China seems to be a national obsession in India, but the rivalry seems to be largely one-sided.