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HARDtalk: Kamal Nath, Indian Commerce and Industry Minister

28/01/2009

Kamal Nath, Indian Commerce and Industry Minister

BBC News Channel - HARDtalk, Kamal Nath, Indian Commerce and Industry Minister

Sarah Montague talks to Kamal Nath, India's Commerce and Industry minister.

After years of spectacular growth India is now feeling the effects of the global economic downturn. Sarah Montague talks to Kamal Nath, India's Commerce and Industry minister.

It's tough times for India.  After years of spectacular growth it is now feeling the effects of the global economic downturn.  It's fighting to hold off the recession, foreign investors are pulling money out of the country because of the credit crunch, and the last thing it needs is a story like the Satyam scandal.  The founder and chairman of one of India's biggest software firms resigned earlier this month after admitting that he had been overstating profits for years and that a billion dollars on the company's books just did not exist. 

How much trouble is India in? Sarah Montague talks to Kamal Nath, India's Commerce and Industry minister.

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