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Private sector is also starting to deploy its capital, and that will continue. Capital formation as a share of GDP is likely to be 35 percent in five years from 30.8 percent, says Anantha Nageswaran
The company has signed a memorandum of understanding with IndusInd Bank offering vehicle loans at a rate of interest of 18 percent on all Honda two-wheeler models, HMSI said in a statement.
According to the report, private consumption is likely to grow at 9 per cent in 2016-17 from 7 per cent in the just- concluded fiscal. Urban demand is already on the mend, while rural spending is set to gain from a normal monsoon this year.
Nonetheless in his comments, made at a recent meeting with senior provincial officials, the premier said that continued strength in the labour market and services were reasons for optimism, despite the headwinds facing the manufacturing sector.
The China smartphone market grew 19.7 percent last year and accounted for nearly a third of all new handsets shipped, according to the International Data Corporation's Worldwide Quarterly Mobile Phone Tracker report.
Nomura Equity Research is "overweight" on rate cyclicals and defensive growth plays but remains "underweight" on domestic growth cyclicals.
Tata Motors slumped over 5% Friday as investors dumped shares on disappointing standalone results and concerns over domestic growth in the current fiscal.
Nagarjuna Agrichem has reported a sales turnover of Rs 127.48 crore and a net loss of Rs 1.06 crore for the quarter ended Dec '10. For the quarter ended Dec 2009 the sales turnover was Rs 171.41 crore and net profit was Rs 18.32 crore.
Japanese and Korean steelmakers are seen posting weak December quarter profits as tepid demand and rising raw material costs hurt margins, but mills in China and India could outperform, helped by stronger domestic growth.
