The government approved Rs47bn highways projects in Madhya Pradesh and Telangana under its flagship highways building programme NHDP.
The country’s current account deficit (CAD) narrowed sharply to USD1.3bn, or 0.2% of GDP, in the fourth quarter of the last financial year on a sequential basis mainly on account of a lower trade gap. The same shrank to 1.3% of GDP for full financial year 2014-15.
The government approved Rs47bn highways projects in Madhya Pradesh and Telangana under its flagship highways building programme NHDP.
Data for the first two months of the financial year show a sharp fall in demand for new scooters, indicating a possible slowdown now creeping into urban and semi-urban markets. Data from SIAM shows scooter sales growth declined sharply to under 4% in April and May, at 708,825 units. In the same period last year, the segment had growth of 25%.
The government approved Rs47bn highways projects in Madhya Pradesh and Telangana under its flagship highways building programme NHDP.
Data for the first two months of the financial year show a sharp fall in demand for new scooters, indicating a possible slowdown now creeping into urban and semi-urban markets. Data from SIAM shows scooter sales growth declined sharply to under 4% in April and May, at 708,825 units. In the same period last year, the segment had growth of 25%.
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