The Red Signals
- Increasing EMIs lead to dip in sales of consumer goods like cars
- Manufacturing growth slips to 13-month low in November 2007
- Investment demand remains strong, but bank credit is declining
- Exports continue to grow, except in traditional sectors where there have been job losses
- Agriculture under-performs, won't touch 4 per cent growth target
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Budget Outlook
- Rationalisation of taxes to make exports more competitive
- Effort to boost investment; improve agriculture income
- Streamlining of investments
- Better targeting of food, fertiliser subsidies Sharper focus on health, education and skill development
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