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11-Feb-08
"Bloomberg reports India’s economy is expected to cool for the first time since 2005. Economists..."
“Bloomberg reports India’s economy is expected to cool for the first time since 2005. Economists predict Asia’s third largest economy will increase 8.7% next year, the slowest rate in three years. India’s central bank has raised interest rate nine times since late 2004 and ordered increases in bank reserves five times since 2006. But some expect inflation, currently at a five-month high of nearly 4%, to increase due to capital inflows increasing the country’s money supply. Professor Fil Zucchi mentioned India’s inflation story recently in Settling Into The Bear Camp.” - India Slowdown
Posted at 03:06 in External Blog | Permalink | Comments () | Top
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