India's Growth Rate Slows Further In Q2 2008 [View article]
Edward: The drop in 2nd qtr from 8.8 to 7.9% does not bother me as much as the manufacturing number dropping from 10.9 to 5.8%. That is almost a 50% decline. Are there some seasonal indicators at work there that may be "skewing" the numbers? You know better than most how important manufacturing growth is to India's economy. They have to reverse that number and do it rather quickly before the downward momentum gets out of control. NIce job reporting the latest data from the Sub-continent. Thanks.
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Edward:
Sep 01 13:35 pm
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All Comments by yank »India's Growth Rate Slows Further In Q2 2008 [View article]
The drop in 2nd qtr from 8.8 to 7.9% does not bother me as much as the manufacturing number dropping from 10.9 to 5.8%. That is almost a 50% decline. Are there some seasonal indicators at work there that may be "skewing" the numbers? You know better than most how important manufacturing growth is to India's economy. They have to reverse that number and do it rather quickly before the downward momentum gets out of control. NIce job reporting the latest data from the Sub-continent. Thanks.
Yank