it really does not matter. The IIP showed exactly wha t the GDP showed yesterday, Agri at 2.7% in Q3 (December) and minng at -3.1% and Construction at 7.2% has to be good as also the 10% score for Financial Services

Revenue has been buoyant too so you can't blame the equity markets for having celebrated, but the missed objective along with the lackadaisical momentum in the India story can on both sides be attributed to the veritable cornucopia of macro statistics and not enogugh structure to reach the nook s and crannies where growth happens or ewelfare spendin impacts us. conider Market research Data for example which I can sdegment the market from Macro Economic, demographic segments we rely on to enter a 85% unbranded market in most new innovations led by consumer brands.  Read previous posts on how it leads  to cultural chaos for our videsi friends who come a visiting hoping for nay adicted to a pat analysis of everything and everyone they need to know or research in India

But gDP slowdown did catch the blind spots so we have the statistics, just to travel the width and breadth even with new telemetry in education, healthcare and government it looks a little too distant to achoeve and again the budget exercise would be busy with the added subsidies and at least thankfully the lack of infrastructure. There's only so much to go around!

Posted via email from The India Investment Post