As the old series had more than 30 adjunct categories that were unlikely to make sense with typewriters, radios and fan peripherals included multiply and services exclude, the new series' first results are an eye opener. Though detailed analysis will come later MOM figures from 8.8% in the new series for March and 6.3% for April 2011 shows a robust production factor in the economy. 

The Optional technical ping pong (they didn't say on the networks)

The Consumer Discretionary or the non durables dipped to a low 2.1% but may now be just the cost of inputs braking our IIP and thence the economy. The Infra sector in April constinues to 14.5% and in fact is a good support to the 23% a year ago. similarily, in the old series the April no. would have been 4.4% overall. Intermediate goods at 3.4% along with Consumer Non Discretionary at 3% show the retail inflation concerns that straddle the bear game with Dutch rollovers at our banks precluding Fresh bailouts by investors unlike Greece  and yet don't invite venture investors .Elec./utilities at 6.4% are a good scream along withthe Capital goods at 14.5% and manufacturing nos at 6.9%

I do think that the technical para above means Economists are and should be a useless breed without a future in the business sense of things but India has moved on to better statistics than investors..and school kids would very well by waiting to go urban by the time lunch hour comes :D Cheesy slices I bet. 

May however would have given a jump on inflation and ahead of the new trade deficit numbers due next week, India seems to be well within its growth assured, nothing new band in progressing the retail lifestyle, welfare and the infrastructure economy

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