1. Flat prices are going to remain steady till Diwali. Despite slack in the market, builders are not willing to lower rates. High bank interest rates for housing loans do not make investment in property worth the money.
2. Thailand mobilizes south east Asian nations to set up OPEC like body to trade rice in the world market. Thailand is the world’s largest rice exporter and the other partners for the rice cartel are: Vietnam, Cambodia, Myanmar and Laos. The largest rice growing countries, China and India consume their rice production internally.
3. Soaring global crude oil prices have resulted in widening of India’s trade deficit by over 61% in March.
4. Auto sales are back on growth track. Maruti reported a growth rate of 22.4% in sales and Hyundai 36.7% rice.
5. India’s exports grew by 23% to US$155.5 billion in the fiscal year ended March, 2008, missing the $160 billion target.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment