Mixed signals on Indian economy

As the economy goes up or down in the eyes of various analysts.. some figures as they come in:

India’s exports are down year-on-year from last year by 33%.  They contracted for 7 months in a row as the demand goes down in the West.[1]

Depending on who you talk to the GDP growth for India will be much slower than the past years but still a respectable figure.  The Rating agency Fitch gives a figure of 5% growth in GDP.[2]  Meanwhile a survey of 17 forecasters conducted by the Reserve Bank gives a figure of 5.7%.[3]

Reference Links:

1. India April Exports Down 33%
2. India may grow below 6% in FY10: RBI survey
3. India’s growth to slow to about 5 per cent in 2009-10: Fitch