Slow Q2 as economy reels under credit crunch, high borrowings – Economy and Politics – livemint.com


New Delhi: India’s economy expanded at the slowest pace in 15 quarters in the three months ended 30 September, reinforcing the case for the central bank to reduce borrowing costs to stoke growth and fend off collateral damage from the global financial crisis and the Mumbai terror attacks.

The economy grew 7.6% from a year earlier in the fiscal second quarter, compared with 9.3% a year ago and 7.9% in the preceding three months, official data released on Friday showed. The pace still exceeded economists’ expectations, reflected in a Reuters poll that had predicted the economy would expand 7.3% and a Bloomberg survey that pegged growth at 7.2%.

via Slow Q2 as economy reels under credit crunch, high borrowings – Economy and Politics – livemint.com

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on November 29, 2008, in India, Meltdown and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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