https://www.taxtmi.com/news?id=2846 India's GDP growth slowed to an estimated 6.9% in 2011-12 chiefly due to weakened industrial activity while services and agriculture held up; high wholesale inflation led to monetary tightening, higher borrowing costs and a significant decline in investment and gross capital formation. The Survey expects a gradual recovery in real GDP conditioned on normal monsoons, stable international prices and improved global growth, with recovery aided by easing inflation, potential policy rate reductions, fiscal consolidation, rising savings and deeper domestic financial markets. It recommends deregulating savings interest rates, developing corporate bond markets, attracting long-term inflows and infrastructure funds, and leveraging trade performance. en-us Thu, 15 Mar 2012 13:02:30 +0530 Thu, 15 Mar 2012 13:02:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2846 India's GDP growth slowed to an estimated 6.9% in 2011-12 chiefly due to weakened industrial activity while services and agriculture held up; high wholesale inflation led to monetary tightening, higher borrowing costs and a significant decline in investment and gross capital formation. The Survey expects a gradual recovery in real GDP conditioned on normal monsoons, stable international prices and improved global growth, with recovery aided by easing inflation, potential policy rate reductions, fiscal consolidation, rising savings and deeper domestic financial markets. It recommends deregulating savings interest rates, developing corporate bond markets, attracting long-term inflows and infrastructure funds, and leveraging trade performance. News - Thu, 15 Mar 2012 13:02:30 +0530 https://www.taxtmi.com/news?id=2846