The Indian equity markets ended the week relatively flat with high volatility due to concerns about changes to taxation of P-Notes. The Finance Minister later clarified there would be no blanket tax, relieving markets. Core sector growth was 6.8% in February, led by coal. GDP growth is expected to increase in the fourth quarter. Major company earnings reports are expected starting in early April. Lower oil prices could boost Indian markets if the decline continues. Real estate prices have remained stable or increased despite expectations of declines. Loan rates are projected to remain between 9-10%.