i Develop Stocks Advisory: Econ adviser: 9 pct growth rate seen for FY11

Friday, January 22, 2010

Econ adviser: 9 pct growth rate seen for FY11

India should be back at a 9 percent growth rate by the next fiscal year, Kaushik Basu, chief economic adviser to the finance ministry, told reporters on Friday.

India's economy grew 6.7 percent in 2008/09, slowing from rates of 9 percent or more in the previous three years as the global credit crisis hit business activity.

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Economic Event Calendar

GMT+5:30	Event	Vol.	Actual	Consensus	Previous
Tuesday, Jun 24
21:20	BoE's Breeden speech	2
22:00	Fed's Williams speech	2
22:30	2-Year Note Auction	1	3.786%		3.955%
23:15	Fed's Kashkari speech	2
23:30	Fed's Barr speech	2
Wednesday, Jun 25
02:00	API Weekly Crude Oil Stock	1			-10.133M
04:15	Trade Balance NZD (MoM)	1		$1,060M	$1,426M
04:15	Imports	2			$6.42B
04:15	Exports	2			$7.84B
04:15	Trade Balance NZD (YoY)	2			$-4.81B

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Friday, January 22, 2010

Econ adviser: 9 pct growth rate seen for FY11

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