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  News Details
Good News
Bhagwati Auto Reports Good Results
No. of Trading Holidays comes down to 11
Gems and Jewellery Exports Rise 55%
Citibank Repays USD 20 bn to US Govt
November Core Sectors Growth Impressive
Bad News
Nifty May at Discount
3G Bids will Hurt Telcos
Political Instability is a worry
Inflation may Cross double digits by March
FII Investment in December may not cross October figure
  GDP growth rate dips

The gross domestic product (GDP) growth for the third quarter has been 5.3% versus 8.9% during the same quarter of 2008. The GDP growth for the previous quarter stood at 7.6%.The average GDP growth for the period between April and December stands at 6.9% versus 9% during the same period last year.

This belies the Government’s claims that all was well with the Indian economy and that there was no slowdown or recession. The pathetic growth rate, and forthcoming elections and the uncertainty tied to it will see to it that the stock market tries its previous low levels soon.