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FM: IIP figures for Jul disappointing; No evidence of slowdown in investment
Thursday, September 13, 2007
FM P Chidambaram says that the IIP figures for July are disappointing, but there is no evidence of slowdown in investment. There are signs of slowdown in production in some sectors.
Chidambaram says he is quite confident of investment boom continuing. He is hopeful that FY08 will be year of high growth and monetary tightening is a deliberate stance. He is hopeful of demand picking up in busy season.
Norms for FBT on ESOP willbe announced in 5 days.
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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.
