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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (2987)	10/6/1998 1:03:00 PM
From: Nandu	Read Replies (3) \| Respond to of 12475

''There are already signs that industrial production is picking up...and therefore I'm hopeful that we shall achieve the rate of growth of 6.5 percent,'' Sinha said. Sorry Mohan, but I don't consider this a ringing endorsement. Sinha is hopeful of 6.5% growth. Vajpayee has decreed that there be 6.5% growth. I haven't seen any concrete steps they have taken to achieve this. We will see when the time comes. Inflation is already up to 8.5. Btw, rupee has recently gone up from 42.5 to 42.3 to the dollar. Might be a side effect of the RIB.