Sensex falls, despite good results in Q2.

According to the Central Statistical Organisation, India's GDP growth during Q2 was 8.9%

IIP grew by 10.8%, farm sector a surprising 4.4% and other sectors also grew at a fair pace.

The Sensex had not gone up, on receipt of this news. It is still languishing in the 19 K mark.

Only six Indian states have got more than 75 billion SDP. They are Maharashtra ( 152 b), followed by UP (89 b), AP ( 31), W Bengal ( 76 b ), Gujarat (75 b) and Tamil Nadu ( 75 b ). Karnatatka comes seventh with 59 b, Rajastan with 43 and Kerala is placed 9th with 40 b, out of India's 1.2 trillion dollar economy !.

Still Indian states are far behind Singapore and Malaysia ( more than 200 b ), Taiwan ( 432 b ) and Korea ( 832 b ), the four Asian tigers !

In PPP, you can multiply the number by 3 and you get the GDP PPP. For instance India's 1.2 tr dollar economy becomes 3.5 tr at PPP. Similary you can multiply the state's GDP or SDP by three and you get more or less the GDP PPP.

Jupiter moving to Pisces augurs well for India. Good Monsoons means 1% more growth, according to Montek Singh. Now that Saturn is in the Third, India is geared up for furthur growth.

Today the market has gone up by 182 points. Nifty by 50 points.


Here are the percentage growths for different sectors

Agriculture, forestry and fishing 4.4%
Mining & Quarrying 8%
Manufacturing 9.8%
Electricity,Gas & Water Supply 3.4%
Construction 8.8%
Hotels, trade, transport & communications 12.3%
Financing, insurance & Real Estate 8.3%
Community, social & personal services 7.3%

The CSO warns that a prolonged recession in developed countries may affect adversely services and manufacturing sectors !