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Posted: September 5th, 2011, 6:37pm EDT
India's services sector growth fell to its lowest in more than two years in August, mirroring the softness in manufacturing output and lock in step with the weakening trend across the world.
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Posted: September 5th, 2011, 9:04am EDT
Moody's has pegged India's growth at 7.5 - 8%, saying that higher interest rates as well could affect the country's economic expansion.
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Posted: September 5th, 2011, 6:02am EDT
High annual deficits and a significant interest burden hampers fiscal flexibility to respond to future shocks.
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Posted: September 5th, 2011, 2:19am EDT
The Finance Minister hoped that the double digit food inflation of 10 percent would come down soon after passing of seasonal factors of commodities.
