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Bearing bear effect
- It is a measure of how bad things are on Dalal Street.
- Stockbrokers catering to institutional segment have cut employees salaries by 20 per cent for the second time in the last six months. Institutional business could be shut down if the trend continues.
High inflation, slowdown in decision-making affect growth: Kaushik Basu
- Chief Economic Adviser Kaushik Basu on Wednesday said slowdown in decision-making, high inflation and global uncertainty were the mains reasons for the dip in economic growth to 6.9 per cent.
- However, he said in the full financial year, the growth was expected to be around 7.5 per cent. The economy grew by 8.5 per cent in 2010-11.
- My expectation is that GDP growth may end up being about the same in the third quarter (October-December) and perhaps in the fourth quarter it will improve.
