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The Economy — sluggish or well-behaved?


April 16, 2006 | By Ramu Ramanathan

According to the financial press, the economy seems to be on an upswing with an abundant monsoon and increased exports. According to CMIE’s 34th Survey of Investment Projects, investment on-hand has risen by 9.5 per cent in the manufacturing sector. Cargo handled by the country’s ports is up 5.9 per cent in the April to July period, while railway freight has grown 7.2 per cent. The GDP growth has been steady at 5.4 per cent according to the IMF and 6.8 per cent according to the Confederation of Indian Industry. ...cont´d

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