The report is actually a warning -- unless India is able to considerably raise its growth rate, it risks massive unemployment
CNBC-TV18‘s Latha Venkatesh spoke about the quality of India's macro-economic data with TCA Anant, Chief Statistician and Pranob Sen, Chairman, National Statistical Commission.
The Indian market ended in green on Thursday with the Nifty gaining 11 points to close the day at 6279 and the Sensex gaining 42 points to close at 21075, ending the December contract on a postive note.
For now, not many expect the market to sustain at higher levels as the development has been factored into stock prices.
Faber expects the US Federal Reserve to persist with its policy of pumping liquidity into the economy through bond purchases. But he also says Fed may end up doing less damage in case it chooses not to scale down its bond purchase program.
China official manufacturing purchasing managers index (PMI) rises to 50.8 in May from 51.7 in April indicating a stronger demand for Chinese goods.