Negative IIP numbers, lower exports...lower collection of taxes.The slowdown is evident all around.On the positive side, Oil continues to fall so does inflation.Declining fuel prices pushed down inflation sharply for the sixth consecutive week to 6.84%, the lowest in nine months, a development that could prompt the Reserve Bank of India to take more bold steps to boost economic growth.Inflation dipped by 1.16 percentage points from 8% in the previous week, primarily on account of reduction in prices of petrol and diesel announced by the government in the first week of the month.It was 6.21% in the week ended 1 March 2008. The rate during the corresponding period last year was 3.84%.The government reduced the per litre prices of petrol and diesel by Rs5 and Rs2 respectively with effect from 6 December in the wake of falling prices of crude oil in the international market.
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