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Equity Research
India’s economy is stabilizing and will remain a favoured destination for
foreign investors as normality returns to global markets, Montek said on
Monday. Montek Singh Ahluwalia said there had been a pick‐up in credit
growth and foreign capital inflows were expected to rise in coming months,
adding to signs the economy was finding a footing.“I think in the next six
months, you will see the evidence of stabilization,” Ahluwalia told. Earlier
this month, the Planning Commission forecast economic growth of 6.3% for
2009‐10. In a worst‐case scenario, it said growth could fall to 5.5% if farm
output was badly hit by the worst dry spell in nearly four decades. Asia’s
third‐largest economy grew 6.7% in 2008‐09, slower than 9% or more
expansion clocked in the previous three years. (Livemint)
http://www.nirmalbang.com/Upload/Daily150909.pdf
foreign investors as normality returns to global markets, Montek said on
Monday. Montek Singh Ahluwalia said there had been a pick‐up in credit
growth and foreign capital inflows were expected to rise in coming months,
adding to signs the economy was finding a footing.“I think in the next six
months, you will see the evidence of stabilization,” Ahluwalia told. Earlier
this month, the Planning Commission forecast economic growth of 6.3% for
2009‐10. In a worst‐case scenario, it said growth could fall to 5.5% if farm
output was badly hit by the worst dry spell in nearly four decades. Asia’s
third‐largest economy grew 6.7% in 2008‐09, slower than 9% or more
expansion clocked in the previous three years. (Livemint)
http://www.nirmalbang.com/Upload/Daily150909.pdf