Industrial production fell an annual 0.5 percent in Jan 2009, only marginally better than the previous month's 0.6 percent contraction, while inflation eased to 2.34 % at the end of Feb 2009, renewing talk of monetary easing.
On this background, expectation of rate cut by RBI is raised and the cut may be 0.25-0.50 basis points.
The Indian economy is largely driven by domestic demand, while many other Asian economies depend on exports. But expensive credit and the global slump have dented confidence at home and slashed overseas sales of Indian goods.
On this background, expectation of rate cut by RBI is raised and the cut may be 0.25-0.50 basis points.
The Indian economy is largely driven by domestic demand, while many other Asian economies depend on exports. But expensive credit and the global slump have dented confidence at home and slashed overseas sales of Indian goods.
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