Till date almost all indicators were giving me pessimistic results. In the month of Feb 2009, the Industrial Production again shrank. However today I got this news:
Steel consumption in the country rose 3.8 percent and production increased 1.2 percent in the last quarter, Steel Secretary Pramod Rastogi said at the conference. Rural housing and infrastructure will continue to boost demand, he said.
This is probably the first credible indicator that suggests that the worst is probably over for India. Now its time for me to further boost the country’s GDP by drinking a mug of Beer