FM P Chidambaram says that the IIP figures for July are disappointing, but there is no evidence of slowdown in investment. There are signs of slowdown in production in some sectors.
Chidambaram says he is quite confident of investment boom continuing. He is hopeful that FY08 will be year of high growth and monetary tightening is a deliberate stance. He is hopeful of demand picking up in busy season.
Norms for FBT on ESOP willbe announced in 5 days.
Chidambaram says he is quite confident of investment boom continuing. He is hopeful that FY08 will be year of high growth and monetary tightening is a deliberate stance. He is hopeful of demand picking up in busy season.
Norms for FBT on ESOP willbe announced in 5 days.
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