Saturday, July 11, 2009

Economic News/Event

  • For the week ended 27th June, 2009 inflation stood at -1.55% as compared to -1.30% for previous week.
  • For the week ended 3rd July, 2009 India’s foreign reserves fell $ 107 million to $ 264.477billion versus $ 264.584 billion in the last week.
  • The Indian government has announced partially lifting a ban on wheat exports.
  • The Finance Minister has said that the government plans to bring back the economy to the high GDP growth rate of 9% at the earliest.