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Wednesday, February 3, 2010

Govt official: call on stimulus exit may be delayed

India may defer taking a call on exiting stimulus measures and the finance minister could take appropriate steps later in the next fiscal year, chief statistician said on Wednesday.

Pronab Sen said data suggested industrial recovery in Asia's third largest economy was on track, but the government would wait for the March quarter economic data before taking a call.

Analysts expect Finance Minister Pranab Mukherjee to announce stimulus exit measures when he presents the annual budget for 2010/11 on Feb. 26.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 08
03:30 NZIER Business Confidence (QoQ) 2 19% 16%
04:40 Fed's Goolsbee speech 2
06:00 Westpac Consumer Confidence 2 -6% 4%
07:00 National Australia Bank's Business Conditions 1 4 3 Revised from 4
07:00 National Australia Bank's Business Confidence 1 -3 -2 Revised from -1
15:30 NFIB Business Optimism Index 1 101.3 100.7
18:25 Redbook Index (YoY) 1 4.8%
19:30 Ivey Purchasing Managers Index 2 53.6
19:30 Ivey Purchasing Managers Index s.a 2 53.2 55.3
21:30 BoE's Lombardelli speech 2
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