Vol. 4 No. 1: April 2009
The WTO estimated the volume of global trade to contract by 9 percent in 2009. It is the largest contraction since World War II. As a consequence, many thousands of trade related jobs are being lost. In India, inflation is expceted to enter negative territory. It dropped to 33 years low of 0.26 percent raising fears that the economy is moving towards deflation. The Asian Development Bank projected that India’s economic growth would slow down to 5 percent in 2009-10, while the growth for 2008-09 has been kept at 7.1 percent. It was high at 9.4 precent in 2007-08. Hope that this issue will be appreciated by you.
Published:
01-05-2009
