Six positive signs for Indian economy to recover:
1) Exports growth accelerated to 7% year-on-year in March vs. 4.2% in Feb.
2) Private projects under implementation picked up a bit in QE March; public sector projects remained steady.
3)WPI inflation decelerated to a 40-month low of below 6% in Mar. CPI inflation decelerated marginally, to 10.4%, in Mar, but remains high.
4)12-month trailing fiscal deficit has shown improving trend since Sep-12.
*5) Banking sector liquidity conditions have improved on seasonal factors in April.
6) Global oil prices declined significantly. In rupee terms, oil prices are down 12% in 2013.
Sources:Money Control.Com & Morgan Stanley.
1) Exports growth accelerated to 7% year-on-year in March vs. 4.2% in Feb.
2) Private projects under implementation picked up a bit in QE March; public sector projects remained steady.
3)WPI inflation decelerated to a 40-month low of below 6% in Mar. CPI inflation decelerated marginally, to 10.4%, in Mar, but remains high.
4)12-month trailing fiscal deficit has shown improving trend since Sep-12.
*5) Banking sector liquidity conditions have improved on seasonal factors in April.
6) Global oil prices declined significantly. In rupee terms, oil prices are down 12% in 2013.
Sources:Money Control.Com & Morgan Stanley.
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