The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
China's malfunctioning stock markets remained semi-frozen.
Substantial gains can still be made with good policies and initiatives.
China's devaluation creates new risk in global financial markets and could prolong the West's slowdown.
In a bear market, prices may be irrationally depressed. In that case, an investor can identify mis-pricing, invest with a safety margin and wait. Since values are low, the risk is also low.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
During the Congress regime, India did witnessa slew of reforms which are now taken up by the Modi government too.
While India is witnessing slowdown, many countries have not yet been able to come off the last decade's financial crisis.
News of all that's transpired on and off the football field
Drug maker Cipla always fought a lone battle to make drugs affordable in India.
Australian photographer Warren Richardson has won the Photo of the Year 2015 award at the 59th annual World Press Photo Contest, results of which were announced on Thursday.
Will Citibank gain from India's position among emerging markets?
Distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu and Kerala.
'Without doubt, Narasimha Rao confronted huge challenges. Yet, in the very brief period I saw him at the closest of quarters, I have to say that he was simply magnificent. A lifetime of circumspection gave way to courage.'
'Narendra Modi has had very good luck. Firstly, the fall of oil prices. You don't get that very often in your life and you certainly don't get that often when you are in government.' 'Secondly, the fantasy of Indian reforms has led to very strong capital inflows to have made his job much, much easier.' 'You ride the winds in times of fortune and he hasn't done that. At least, not yet.' 'Those winds of fortune which are blowing your way can certainly turn around easily. There are quite a few headwinds coming up. He may well, history will show, have missed the opportunities that existed.'
Mohandas Pai took part in an hour-long chat on rediff.com
'The year in pictures' treks across the globe, looking back on the moments that shaped 2016. From the United States presidential race, to demonetisation in India to the refugee crisis, the news has kept pouring in. Here are our top 50 moments from the world.
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