hindu output up by 16pct
harmony
decade, providing further evidence of the country's strong economic
recovery.
Factory output rose by 16.8% in December compared with a year earlier, much
faster than analysts had expected.
Subdued growth last year as a result of the global economic downturn helped
to boost this year's figure in comparison.
The strong growth will strengthen the case for the government to withdraw
its stimulus measures, analysts said.
"We are going to see some rollback of fiscal stimulus in the 26 February
federal budget," said Rahul Bajoria at Barclays Capital.
"The need to support the manufacturing sector through duty cuts is no longer
there."
Rising prices
India's economy is recovering faster than expected - it grew at an annual
pace of 7.9% in the three months to the end of September 2009, after growing
6.7% in the year to the end of March 2009.
Government stimulus measures helped to maintain growth during the global
downturn - the country's central bank has pumped more than $125bn (�80bn)
into the Indian economy since September 2008.
Instead of concerning themselves with securing strong growth, policymakers
are now starting to turn their attention to inflation.
Last month, India's central bank increased cash reserve requirements for
lenders in a bid to contain rising prices.
It also lifted its inflation forecast for the end of the financial year in
March to 8.5%.
and/or www.mantra.com/jai
Jai Maharaj, Jyotishi
Om Shanti
In article <4b777a34$0$12455$bbae...@news.suddenlink.net>,
"harmony" <a...@hotmail.com> posted:
uNmaiviLambi
> India's industrial production has risen at its fastest pace in more than a
> decade, providing further evidence of the country's strong economic
> recovery.
You think Muslims might have reduced it by 1% at least, from 17 to 16,
through terrorism and smuggling? Most smugglers are muslims
and/or www.mantra.com/jai
uNmaiviLambi <tripur...@yahoo.com> posted:
> On Feb 13, 11:21=A0pm, "harmony" <a...@hotmail.com> wrote:
> > India's industrial production has risen at its fastest pace in more than =
> > a
> > decade, providing further evidence of the country's strong economic
> > recovery.
> You think Muslims might have reduced it by 1% at least, from 17 to 16,
> through terrorism and smuggling? Most smugglers are muslims
Completely valid points, dhanyavaad.
hab...@anony.net
the govt put in when the recession struck. Cant leave a good thing
alone,
However food is getting too expensive for the poor and there is not
enough available in the world for India to feeds its exponentially
increasing population ,adding a USA in the next 15 years!
excerpt
India's food grain output may fall by 7.5 percent this year after the
weakest rains in nearly four decades, according to a government
forecast, driving up prices in the South Asian nation.
Food grain output is expected to decline to 216.85 million tonnes in
the crop year ending in June from 234.47 million tonnes the previous
year
India's food inflation climbed again to hit nearly 18 percent,
official figures showed Thursday, days after Premier Manmohan Singh
declared the worst of the problem was over.
New figures released by the commerce ministry showed annual food
inflation jumped to 17.94 percent for the final week of January, up
from 17.56 percent the previous week.
High food inflation, driven by soaring prices for pulses, vegetables
and sugar, has given a political boost to opposition parties, which
have accused the government of incompetence.
The weakest monsoon rains in nearly four decades affected harvests
last year, sending food prices rocketing, with the cost of some
staples doubling from a year earlier.
http://www.google.com/hostednews/afp/article/ALeqM5givrCWkl438xPBo2o9K3o-p1TPxw
hab...@anony.net
have a never ending line of ships even if that amount was available in
other countries , and still it wouldnt be enough to feed India.
Expect famine and major riots and even break up if this
continues. A 2 child limit must be brought in NOW.
excerpt bloomberg
As per the Second Advance Estimates of production of major crops,
India's food production is expected to decline 7.3% or 17.0 million
tonnes during 2009-10 to four years low level of 216.85 million
tonnes.