The Indian economy grew with just 5.3% in the fourth quarter, this is first time GDP data has fallen to 5.3% level after 2003, making a nine year low.  Also shocking news after the data release was the RBI is still not expecting rate cuts as inflation still remains important concern. The services sector is the largest contribution to GDP, it grew at 7.9% against 10.6% last year. Services sector ... [Continue Reading]