As the economy goes up or down in the eyes of various analysts.. some figures as they come in:
India’s exports are down year-on-year from last year by 33%. They contracted for 7 months in a row as the demand goes down in the West.
Depending on who you talk to the GDP growth for India will be much slower than the past years but still a respectable figure. The Rating agency Fitch gives a figure of 5% growth in GDP. Meanwhile a survey of 17 forecasters conducted by the Reserve Bank gives a figure of 5.7%.
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