i Develop Stocks Advisory

____________________________________________________________________________________________ Inflation Update April 17, 2008

Weekly y-o-y WPI inflation decreased to 7.14% for the week ended April 5, 2008 compared to previous week’s level of 7.41%. The WPI index rose 0.6 points to 226.6 from 226.0 in the previous week. Weight in the Index Index in previous week Index in week ended Apr 5 2008 Increase Contribution to inflation WPI index 100.00% 226 226.6 0.27% Primary articles 22.03% 235.1 236 0.38% 0.08% Food 15.40% 227.2 228.5 0.57% 0.09% Non-food 6.14% 226.6 226.4 -0.09% -0.01% Minerals 0.48% 595.8 595.8 0.00% 0.00% Fuel 14.23% 341.4 342 0.18% 0.03% Manufacturing 63.75% 197.1 197.6 0.25% 0.16% Food products 11.54% 203 203.1 0.05% 0.01% Basic Metal alloys & metal products 8.34% 290.8 293.5 0.93% 0.08% Machine Tools 8.36% 168.2 168.9 0.42% 0.03% Total 0.27% Source : Bloomberg Week-on-week increase in inflation index 0.27% Base effect -0.56% Rounding off impact 0.02% Increase in Yoy inflation -0.27% Source : Bloomberg