Inflation has tracked down on all counts below 8% in December and thus may last till 7% and RBI might keep the estimate a little higher at 7.1-7.2% to be safe. Imported inflation may not track down as rates have just started easing. On the growth font  therefore as all growth in the third quarter is nullified, we are unlikely to meet even a conservative 7% target which RBi is unlikely to deny in its january estimates. Production data remains suspect but the GDP deflator looks as if it has been fixed, if only I had hands on research support to prove it

Posted via email from The India Investment Post