Power
Abysmal growth in electricity generation in the first quarter remains the biggest concern. Fresh capacity addition too remains slow.
Banking
Higher interest rates have impacted retail credit offtake for housing and consumer durables. Auto loans are worst hit.
Agriculture
Coming after last year’s 4.5%, current year growth could dip by half with costlier inputs and uncertain monsoons.
Services
Hit by global slowdown, signs of wear and tear already visible. With many overseas clients holding back projects, outlook remains cloudy.
Exports
Looks good, but global slowdown will take a toll. Thanks to cheaper rupee, may match last year’s growth in value, not volume.
Investment
Overall sentiment not hit yet, but in-bound inflows may be affected further. Some investments have been delayed.
Deficits
Inflation and subsidies throwing a spanner in planned expenditure targets. Deficits likely to balloon.
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