Economy First Cut Q2 -2011

[swapnil tambe]

Hii.......

Brief Overview of Economy First cut Q2- 2011 :

• Gross Domestic Product (GDP) growth fell sharply to 6.9 per cent in Q2FY12. It was 7.7 per cent in the previous quarter and 8.4 per cent a year ago.
• Industrial growth took the biggest hit, mainly due to poor performance of manufacturing and mining sector
• Services sector growth moderated too, but remained above 9 per cent
• On the demand-side, fixed investment contracted due to high interest rates and policy log-jam.
• Prospects for improvement in GDP growth in the rest of FY12 remain bleak due to worsening global scenario, lagged impact of past interest rate hikes on demand and slow decision making in government

Please find enclosed attachment of Note for reference.

Thanks & Regards,
Swapnil Tambe.
9819628182 .