International capital markets

International capital markets have been very active in the past year, especially in terms of movements in and out of developing countries. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh examine the recent pat terns and their implications.

Read the full article online entitled "What the upsurge in Global capital flows indicate?" 

GDP up by 9.3% in fourth quarter

As per the revised estimate, the economy grew 9.3 per cent in the fourth quarter, as against 8.6 per cent in the same quarter in the previous year. The third quarter GDP growth in 2005-06 was 7.5 per cent.

Read article online at Business line & Business Standard 

Inflation rises to 4.74%

 The hike in the prices of essential items pushed inflation up to 4.74% for the week ended May 20

• Food articles group index rose 1.4%
• The minerals group index shot up 4.4%
• Machinery group index rose by 0.3%
• Global oil prices is the biggest cause of inflation
• Chemicals was down 0.1% to 192.4 points
• Primary articles index fell 1.2%

Read the full article in Financial Express 

MoF and RBI: Get Real

Surjit S Bhalla's article in Business Standard

WPI’s deflating inflation

"According to the WPI-based inflation provided by the economic affairs department of the government, the inflation rate has crossed 4% only this week and stands at 4.32%".

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