India`s economy, Rupee seen weakening, fiscal deficit may rise to 4.5%.....

Hedge - Fund Europe: The Indian Prime Minister's Economic Advisory Council in its August economic outlook report for 2008/09 said that:

1. The economy would slow down to 7.7% for the y/e March 2009, from earlier forecasts of 8 - 8.5%, due to an economic slowdown caused by higher oil, commodity and food items.

Deepak Lalwani from London based Astaire & Partners Ltd. (d.lalwani@astaire.co.uk) added in his latest India Report that his forecast of 7.7% made on 4 June 2008 remains unchanged currently.
2. Industry to expand by 7.5%, agriculture by 2% and services by 9.6%
3. Investment rate to remain at 37.5% but savings rate to decline to 34.5% of GDP due to worsening Government finances and lower corporate profits
4. Inflation can reduce to 8-9% by March 2009. A tight monetary policy to be maintained......................

Source:
http://www.opalesque.com/AMB2008/46593economy_Rupee_seen_weakening_fiscal_deficit.html


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