This bonus market holiday however, a second disruption within the week and directly attributed to India's diversity. Those millions lucky enough to hold a job in this economy would continue to get a glimpse of Low IIP, High Food and Fuel Inflation and that will remain their pet rant, disillusion unable to convert them to a pessimist with respect to India's growth.

China, the virtual candidate for Big Brother in every Asian government has managed to grow exports by almost 20% this month and is still figuring out ways to deals with a surplus and we are ready to combat twin deficits of 3% on Trade ($19.5 bln for the month of October) and the Fisc likely to be moved to a 5% target, 5.3% achievement after the ONGC equity offer gets through. SBI keepss saying the government will fund it $1 bln this year and one wonders, every now and then.. 

The inflation figures for the week are unlikely to report any surprise in the food articles numbers for the week ended Nov 3rd and the fuel inflation may even creep higher in the coming months from the current 14-15% levels

The Auto Sales figures finally trickled in at 138k and with exports would come to around 150k , a travesty for such a huge economy, it will change charging pods at every street corner, back to the games till then..and books on paper!

 

 

Posted via email from The India Investment Post