The slowdown in economy is now evident.
The slowdown in economy is now evident. It is reflected in the steep decline in the investment growth rate, which slowed down to 0.4 per cent in March 2011 as compared to more than 15 per cent in March 2010.
Private consumption has also beginning to be affected by the higher costs of borrowing. The slowdown should not be a surprise, as it has been policy induced.
Rajiv Kumar, Secretary General, FICCI