Little indication of growth surge in either industry or services till well into FY14.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
A reversal of policy at this juncture could jeopardise the recent gains on inflation
Officials say a fall in global oil prices will reduce the government's subsidy burden, giving it a greater chance of hitting its ambitious fiscal deficit target of 4.1 percent of gross domestic product in the fiscal year to March.
Electricity generation has outperformed the industrial production index for five months in a row this financial year, even as the broader economy is struggling to grow.
There are chances of taps running dry and prices of fruits and vegetables spiking.
'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling.'
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
The greatest disconnect lies in the estimates of industrial growth.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
To check fiscal deficit, government needs to drastically cut Plan expenditure.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
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