Doubling Current Account Deficit, Reducing Factory Output and no Rate Cuts by RBI. Growing Rural Economy, CAPEX Expenses and Infrastructure Growth at 10 month high.
As expected interest rates remains unchanged, while the next thought that is ringing the markets is, Whether the down cycle is over? Is there a possibility of a rate hike?
Extended Government Spending, Poor Jobs Market and Crude Oil Price Rise due to power trouble in Saudi Arabia. Opinion polls showing BJP strength to retain Gujarat and air conditioner industry waiting for a takeoff.