The first quarter of the year showed a weak set of numbers for almost all major sectors
The economy is shrouded in an environment of high interest rates, slowing down of industrial production and consumer demand and the macro picture is also looking not that good. Goldman Sachs has pegged the GDP growth of India at 7.8 per cent for FY2009 and 7.2 for FY2010, from 8.2 percent earlier due to a weak investment outlook.
This article was originally published on August 14, 2008.
SWP: Withdraw straight from equity? Not so fast
5 min read•By Abhishek Rana
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