Seventh, export growth decelerated sharply to 1.7 per cent in April-June 2001-02 from 26.6 per cent in the three months of 2000-01.
Eighth, considerable uncertainty, arising from turbulence in stock exchanges and apprehensions of liquidity/payments problems, the problems in some cooperative institutions and the largest mutual fund, the downgrading of the rating of a major development financial institution and the repayment problems faced by another financial institution, has affected investor sentiment.