As prices cool, boost farm productivity

Headline inflation, measured by the wholesale price index, fell to its lowest in 41 months. At 4.89%, it is significantly lower than the 5.5% that was expected. The Reserve Bank of India might cut interest rates again in mid-June. If it does so, it will be the fourth straight cut in succession. The rupee has strengthened, bonds have rallied and the stock market surged nearly 500 points on Wednesday. Yet, the government cannot sit back and gloat.

Read Full Story>>