7.1% is below almost all prediction by everyone. So its a surprise how badly it fell. With credit conditions tightening further, I think the April-Jun growth of 8+% was the peak. Its down from here.
Meanwhile bankrupt Netas have exceeded full year target of budget deficit by Oct 2018.
Last year they exceeded by January. This year by December. Meanwhile economy is slowing as interest rates rise and credit tightens. Yet the lawyer Jaitley keeps saying they will stick to deficit target and reduce. I think he is lying and desperate.
With elections this december for states, if Modi weakens it will create panic and very vulnerable for rupee with economy slowing and Govt. ready to breach deficit.
We should see some big fall in stocks if Modi weakens which I think he will in December. Then a rebound early next year followed by a bigger fall in general elections. Stocks will get support from Rupee fall. Lets see.
Meanwhile bankrupt Netas have exceeded full year target of budget deficit by Oct 2018.
Last year they exceeded by January. This year by December. Meanwhile economy is slowing as interest rates rise and credit tightens. Yet the lawyer Jaitley keeps saying they will stick to deficit target and reduce. I think he is lying and desperate.
With elections this december for states, if Modi weakens it will create panic and very vulnerable for rupee with economy slowing and Govt. ready to breach deficit.
We should see some big fall in stocks if Modi weakens which I think he will in December. Then a rebound early next year followed by a bigger fall in general elections. Stocks will get support from Rupee fall. Lets see.
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