The gross domestic product (GDP) growth for the third quarter has been 5.3% versus 8.9% during the same quarter of 2008. The GDP growth for the previous quarter stood at 7.6%.The average GDP growth for the period between April and December stands at 6.9% versus 9% during the same period last year.

This belies the Government’s claims that all was well with the Indian economy and that there was no slowdown or recession. The pathetic growth rate, and forthcoming elections and the uncertainty tied to it will see to it that the stock market tries its previous low levels soon.