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Inflation slips to 3.45% (Business Standard 28th Dec 2007) Driven by lower fruit, vegetable, chicken and imported edible oil prices, inflation based on the wholesale price index (WPI) declined to 3.45% for the week ended 15 December, 2007 when compared with 3.65% in the previous week.More
Rupee eases as risk aversion rises (The Ecoomic Times 28th Dec 2007) Rupee eased on Friday on worries about foreign investors withdrawing funds as Asian stocks fell on fears of regional political turmoil following the assassination of Pakistani opposition leader Benazir Bhutto. More
Core sector growth slips to 4.5% in October (The Hindu Bsiness Line 28th Dec 2007)The decline in production of crude petroleum, petroleum refinery products, cement, and carbon steel has pulled down the growth of the six infrastructure industries to 4.5 per cent in October 2007, compared with a growth of 9.9 per cent in the same month last year.
According to data released by the Government on Thursday, the production of crude petroleum registered a negative growth of 0.1 per cent in October this year as against 9.3 per cent in October last year.
Petroleum refinery production, on the other hand, grew a meagre 2.8 per cent compared to a growth of 18.1 per cent in October 2006. More
Infra growth halves in Oct (Business Standard 28th Dec 2007)
Fall in crude, refinery output leads drop
Core sector growth for October 2007 declined to 4.5 per cent from 9.9 per cent in the same month last year on account of a slowdown in five of the six sectors that form the core-infrastructure industries index.
Only coal saw production increase by 9.2 per cent against 1.9 per cent a year ago.
This is the slowest growth in the index during October in the past four years. Though the data put out by the government’s statistics office can be seen as the evidence of slower economic growth, economists say a month is too short a period to derive trends for the full year. More
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