Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Why Indian GDP cmes down this Quarter?

Tags: money, sports, indian
Asked by kirankumar, 01 Mar '12 05:47 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (5)

1.

The RBI went in for a 20-month interest rate tightening spree until October to rein in inflation. This hawkish tight money policy has resulted in choking demand even as supply side factors stoked inflation for the major part of the year. Economists now expect the RBI to cut its main policy rate by 1 per cent in 2012 from the current 8.5 per cent.

Official data released on Wednesday showed the manufacturing sector grew at a negligible 0.4 per cent in the December quarter compared to the same period of the previous year.

For the first time since 2002, annual car sales are likely to contract as high interest rates on loans and rising fuel costs are keeping potential buyers away.

Similarly, the sales of consumer durable goods such as TVs and refrigerators and fast moving consumer goods such as cosmetics and processed foods have turned sluggish too.

"Moderation in the manufacturing sector was likely the starkest as higher input prices and a sharp jump in borrowing costs depresse ...more
Answered by jameel ahmed, 01 Mar '12 05:52 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Many problems ,such as loss of data ..,delays in verious functions.inaction any way . lest us hope for best
Answered by Vilas Deshpande, 03 Mar '12 10:32 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Many problems, finance, power etc
Answered by veeravenkata satyanarayana, 01 Mar '12 05:57 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

Due to several factors.
Answered by Dharmarajan, 01 Mar '12 05:51 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

Because of low indices and productions
Answered by rajnikant raiyarela, 01 Mar '12 05:47 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

Lets Hope the best..more

Answered by Anand Agarwal