Booming Indian Economy Shows Signs of Slowing Down
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Several initial public offerings have been withdrawn in India in recent weeks as once-resilient investors rethink their commitment to Indiaâs volatile stock markets.
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Indian Finance Minister Palaniappan Chidambaram said growth may slow to between 6.0 and 6.5 percent this fiscal year due to patchy monsoon rains and high global oil prices.
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Indiaâs industrial production growth slowed for a second month in May as the highest interest rates in five years crimped demand and currency gains weakened exports. Output at factories, utilities and mines rose 11.1 percent from the period a year earlier, after a revised 12.4 percent increase in April, the Central Statistical Organization said. Economists were expecting a 12 percent gain. Manufacturing output rose 11.9 percent in May from a year earlier, the slowest pace in four months. Mining gained 3.7 percent.
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The Hungarian economy showed signs on Friday of sharp slowing in response to austerity measures to prepare for entry into the eurozone.
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India's economy may lose a bit of steam in coming months but will remain on track for strong growth despite global market turmoil and mounting fears of a US recession, analysts say.
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The Indian economy is poised for sustained economic growth of 7-8 per cent for the next ten years, Finance Minister Palaniappan Chidambaram told participants in a keynote address at the opening session of the World Economic Forum&#39;s 20th India Economic
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There are signs that some high-end real estate developers are being hit by a slowdown.
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A report of a surprise drop in regional factory activity suggested that the economy might be losing momentum faster than most economists expected.
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India's economy grew at an annual rate of 9.1% in the six months to September, the government says.
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Indian regulators are finding that slowing a runaway stock market is seldom quick, easy or painless.
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The economy has slowed down. Gasoline prices hit new highs in early August. And the once-soaring housing sector is rapidly losing altitude, raising concerns it could drag the whole country into a recession.
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The market reversed as some statistics suggested economic growth might be slowing more than traders had anticipated.
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Slowly and gradually, the box-office trends in India are following the U.S. and U.K.
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The unemployment rate soared and job growth came to a near-halt in December, the government said yesterday, as the housing downturn rippled through the economy. It is the strongest evidence to date that growth is slowing.
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The economy could be headed for slower growth in the next several months, according to a report released Thursday by a private research group.
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Japan's industrial production falls and unemployment rises, providing more evidence of a slowdown in the world's second largest economy.
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India's economy grew at a faster-than-expected annual rate of 9.3% in the second quarter, according to official figures.