Daily Economic Update for September 2, 2010

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The CII ASCON Industry Survey for the April – June FY16 quarter reveals a reversal from the earlier trend of slowing growth, with indications of a recovery taking shape in the economy, albeit a slow one. The latest Survey, which tracks the growth of the industrial sector through responses collected from sectoral industry associations, reveals a slight improvement in growth trends in terms of production over the corresponding quarter a year ago. The CII ASCON Industry Survey which tracks the growth of different industrial and services sectors of the economy, is based on the feedback collected from industry associations affiliated to CII. The industry associations encompass wide range of sectors comprising of small, medium and large enterprises. In most of the cases, these account for approximately 70% of the total industry output in the respective sectors. The Survey was conducted from mid-June till end of July 2015 and tracks the estimated growth trends in terms of Production, Sales and Exports for Q1 FY 16.Responses have been segregated in the following four broad categories: (i) ‘Excellent’ (growth in excess of 20%), (ii) ‘High’ (growth in the range of 10-20%), (iii) ‘Moderate’ (growth in the range of 0-10%) and (iv) ‘Negative’ (growth less than 0%). Of the 93 sectors surveyed, the share of sectors that have recorded excellent growth of more than 20 percent in Q1 (April –June) FY16 quarter has surged up to 16.1 percent (15 out of 93 respondents) as against 7.1 percent (8 out of 112) recorded in the year ago period. This is a clear indication of improvement over the last year. While the share of sectors witnessing a high growth rate of 10 to 20 percent has reduced significantly to 9.7 percent (7 out of 93) in April-June FY16 from 14.3 percent (16 out of 112) during the corresponding period a year ago, the share of sectors reporting moderate growth has declined marginally to 51.7 percent (47 out of 93) as compared to 51.8 percent in the year ago period. At the same time, the number of sectors recording negative growth has fallen from 26.9 percent (30 out of 112) in the first quarter last year to 23.6 percent (21 out of 93) in the first quarter this year. On the issues and concerns impacting growth, margin pressure from stiff competition, competition from imports, shortage of power, high regulatory burden, lack of domestic and export demand, shortage of skilled labour and talent and high tax burden have been cited as the most important constraints by more than 50 percent of the respondents.

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Indian Economy Next Quarter Rains still not favouring India’s granary in the northwest, August rains key now Pressure on pulses prices set to ease with imports and higher crop by winter RBI holds rates, but inflationary pressures will force its hand by last quarter Commodity prices set to rise as global growth signs turn more positive High government borrowings pushing bond yields upwards Subdued dollar as emerging economies show more promise this year India : Kal, aaj aur kal As we have been emphasising in the past few newsletters, despite the negative WPI inflation numbers, all is not calm on the inflation front. Right now attention has focused on inflation in food articles and manufactured food products, standing provisionally at 9.7% and 8.5% for the week ending July 25th. Consumer price indices for June are also registering higher inflation than previous months, CPI AL for instance stands at 11.52% inflation; this is on top of the 8.77% rate in June 2008. Clearly, the government’s ‘touchy feely’ talk on being the saviour of the poor has been negated by inflation. Could the government have done anything different? We believe it could have and should have. By preferring to reduce emphasis on the consequences of a high fiscal deficit on inflation, the government has done a great disservice to the country.

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BPTP “THE AMAARIO” New Booking 4BHK+SQ 3700* Sqft Sector 37D Gurgaon Dwarka Expressway +91 8826997780/ 8826997781 Welcome to a new era of opulence in the heart of Gurgaon's thriving real estate landscape. BPTP Builder proudly presents an ultra-luxury residential project in Sector 37D, Gurgaon, that redefines grandeur and sophistication. With world-class amenities, expansive living spaces starting from 3700 *sq.ft., and prices beginning at 5.25 crores*, this project sets the standard for elevated living in Gurgaon. Experience the epitome of luxury living in Gurgaon's prime location. Stay tuned for more details about this extraordinary residential project by BPTP Builder. Your dream home is about to become a reality. Prices mentioned are indicative and subject to change. Please contact us for the latest pricing and availability Project Highlights Prime Location :- Nestled in the highly sought-after Sector 37D, Gurgaon, this project enjoys excellent connectivity to major business hubs, educational institutions, healthcare facilities, and recreational destinations. Ultra-Luxurious Residences :- Choose from a range of meticulously designed residences, starting at a spacious 3700 sq.ft. Every inch of these living spaces is crafted to exude opulence and comfort, promising an unparalleled lifestyle. World-Class Amenities :- Experience the epitome of luxury with meticulously curated interiors that reflect a blend of modern design and timeless elegance. The finest materials and finishes have been selected to ensure a superior living experience. Exquisite Interiors :- Enjoy breath-taking views of the cityscape and lush landscapes from your expansive balconies and windows. These vistas add to the charm of your dream home. Safety and Security :- Your safety and security are of paramount importance. The project is equipped with advanced security systems and surveillance to provide you with peace of mind. Proximity to Key Destinations :- With its strategic location, you'll have easy access to Gurgaon's renowned schools, hospitals, entertainment centers, and corporate offices. 1. Iconic Twin Towers Podium +33 Floor 2. Podium Living 3. Designed By Top International Architect 4. Grade A Contraaactor 5. First Transfer Free 6. Exclusive Community Of Only 250 Apartments 7. Expansive Apartments of 3660 & 3700 Sqft 8. Only Single Size Apartments in Entire Project 9. 11 Ft. Clear Floor to Celling Heights. 10. VRV Air-Conditioning. 11. 5Star Clubhouse With World-Class Amenities & Facilities. 12. 70Ft Long SKY – Walk in Each Apartment. 13. Spacious Bedroom Size 14. Attractive Payment Plan. 15. Fully – Loaded Apartments With Best in Class Specifications. 16. Al Powered Smart Homes. 17. Operational High School , Primary School& Hospital in The Complex 18. Shopping Complex in Society 19. Located in Close Proximity to Upcoming Global City. 20. 5Tier Security Located in close proximity to the NH8 and upcoming Dwarka Expressway Suncity School - 0.2 Km Gurugram R

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The Gale at Godrej Park World is an upcoming residential project in Hinjewadi Phase 1, where luxury meets modern living in the heart of Pune. This residential sanctuary is positioned to redefine the landscape. Choose from thoughtfully designed luxury residences in Hinjewadi. Experience a perfect home of comfort and contemporary design, prepared to meet the growing needs of modern families. For More Information Visit Here - www.thegodrejgroup.com

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