Indian officials talk up economic stability before Fed decision

New Delhi

INDIAN policymakers highlighted the resilience of Asia's third-largest economy on Thursday, as world markets braced for what could be the first increase in US interest rates before the global financial crisis.

Addressing a business conference, Finance Minister Arun Jaitley outlined the government's growth-friendly reform agenda and promised within days to resolve tax disputes with investors that have blighted India's image as a place to do business. "In a situation where there is turmoil almost by the day as far as global markets are concerned, we are trying to make the fundamentals of our own economy sound," Mr Jaitley said in a keynote address. "Once we are able to walk on this growth track, I am quite certain the architecture for growth in India will be settled, strong and deep."