Why Indian GDP cmes down this Quarter?
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