· Have to be concerned about both growth and inflation · Have done good job on balancing growth, inflation
· Govt, RBI bias now on stimulating growth · Open to excise duty cuts if it helps some sectors · Yet to fully address issue of inflation · Industry must respond to slowdown by price cuts · Price cuts better than allowing inventory build-up · Govt not relaxing vigil on econ crisis · Current problems not insurmountable · To meet RBI governor later today · Liquidity price, credit delivery main issues · Don't join bandwagon of gloom and doom · PM and his team alert to take pre-emptive actions · Can tide over current econ crisis · NBFCs part of fincl system, we cant wish them away · Up to RBI to decide on further rate action · Global recession threatens to be longer · India facing spillover effect of global recession · India farm sector continues to grow at robust pace · Wheat sowing 2.6 mln ha so far vs 2.1 mln yr ago · Will have substantial bumper crop this year · Facing some liquidity problem · Industry, fincl sector hit by liquidity problem · Govt extremely vigilant, proactive on econ crisis · To ensure liquidity at adequate price · Global slowdown to hit Indian exports · Need to up local demand to offset export slowdown · Lowest estimate on India's FY09 growth 7% · Expect FY09 growth rate to be "very satisfactory" · India to bounce back to much better growth next yr · India may not reach FY09 $200 bln export target · World Bank promised to up assistance to India · Rupee fall on extraordinary performance of dlr · Rupee to climb up once capital flows reverse · Direction of capital flows may reverse in 1-2 mos · Stock mkt indices should not determine our actions · To ensure adequate liquidity to SME sector · To take steps to stimulate domestic economy -- With regards, D.Subrahmanyam --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
