Good News...
Getting Off Gloomberg
The current flood of misery shall abate, predict the economic pundits
- Inflation likely to be single digit by early next year
- Lower global commodity prices to reduce import bill
- Comfortable food position due to record production
- Good savings, improved investment sentiment
- Exports remain buoyant, over 25 per cent growth
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...And The Bad
- Global economic slowdown hits FDI, exports
- Downturn in commodity prices may not last
- Credit crunch hurts demand, eats into margins
- Power, textiles, consumer durables grow poorly
- Fiscal, capital a/c deficit may overshoot target
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Montek Singh Ahluwalia, Chairman, Planning Commission
"We haven't seen the worst yet. The second half of the year will be worse and things will go down even further." Sherman Chan, Economist, Moody's
D.K. Srivastava, Director, Madras School of Economics
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F
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The Economist
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