GDP growth posted to 4.5% in September quarter vs 5.0% past quarter
Indian govt posted 4.5% GDP (which is 6 Year low) growth
rate on 29th November. Weak manufacturing and a drop in exports are the reason for
slowdown of economy
In recent months, the government has slashed corporate
taxes, set up a special real-estate fund, merged banks and announced the
biggest privatization drive in more than a decade
RBI likely to cut interest rate again to boost up the
economy
Closely watch for RBI decisions (on Dec 5th) for further movement in
economy