Business Cycle Indicator confirms downturn

The BluFin Business Cycle Indicator (BCI) suggests India’s cyclical slowdown continued in May 2012. BCI, which indicates the state of the business cycle in India, fell to 157.6 in May, compared to a reading of 158.0 in April. The corresponding year-on-year growth rates fell from 1.65% in April to 1.33% in May(Click on graph)