Substantiating the fears of a deceleration in India's economy, the Gross Domestic Product grew by just 7.8% in the fourth quarter ending March 2011, owing to poor performance of the manufacturing sector, as against 9.4% in the same three-month period of the previous fiscal. The ray of hope, however, is still alive as the GDP improved to 8.5% in 2010-11 from 8% in 2009-10.
GDP growth falls to 7.8% in Q4 vs 8.2% in Q3 Meanwhile, the market has been in disinteresting for investors at around the 5500 levels with the end of earnings season and lack of any other trigger. Reacting to the GDP numbers, portfolio manager PN Vijay says its time for the central bank toDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
