- India's economy probably expanded 6.9 % in the 2011 - 12 fiscal year that ended in March, its slowest pace in three years.
- The RBI, which cut interest rates in April for the first time in three years, has forecast growth at 7.3 % in 2012 - 13.
- Expansion in manufacturing sector picked up pace in April, supported by bulging order books, but slower output growth and increasing price pressures dampened sentiment, a business survey showed.
- Growth in the services sector accelerated a touch in April thanks to a rise in new business, and optimism hit its highest level since June 2011, a survey showed last week.
- Headline inflation slowed marginally to 6.89 % in March helped by a softening in prices of manufactured goods, even as food inflation shot up. Analysts expect April inflation at 6.70 %.
- The Reserve Bank of India slashed its main lending rate - the Repo rate - by a sharper-than-expected 50 basis points in April to help revive growth.
*IMPORTANT NOTICE :
Dear Reader Friends, this is to inform you all that I will not be posting any BUY OR SELL OR STOPLOSS RECOMMENDATION and/or replying to any questions on my blog from 1st Dec 2014 onwards. This is to comply with SEBI’s new Research Analyst Regulation which has come into effect from 1st Dec 2014. Once again heres my sincere thanks to my friends and all blog readers who extended overwhelming support in past 7 long years.. Thanks Once Again - BHAVIKK SHAH !!