The Gold Standard | India economy watch

SBI Net Profit declines. See here and here. State Bank of India could be the bellweather here. See this one from Business Standard on how the ICICI Bank was forced to take over a second-tier telecom company as the debt soured.

Businessweek-Bloomberg news story (with little data, though) on bad loans rising in India, China and Brazil. From the ‘Debt Recovery Guru’ website – Indian banks’ problem loans at 5-year high.

Cement dealers’ inventories pile up. Automobile sales decline.

TGS is curious to know the real GDP growth that India would achieve in 2011-12 and 2012-13. Will it average out at above 7% or below 7%?

It appears that Business Standard has made a conscious decision to get overtly supportive of the Prime Minister. See this, this, this and this. The newspaper is well respected. They are putting their credibility on the line with this curious mixture of opinions and opinon-laced news. Does that signal desperation?

DISCLAIMER: This is an archived post from the Indian National Interest blogroll. Views expressed are those of the blogger's and do not represent The Takshashila Institution’s view.