from the president editorial indian economy fourth largest as measured by purchasing power parity and second fastest growing among major of world has grown at 8 1 in first quarter this fiscal year is expected to register a growth over 7 5 global supported strong performance us chinese economies slated grow 4 3 2005 robust except eu despite soaring crude oil prices reflects inherent strength resilience economic having benign impact on most commodities including petrochemicals after surge petrochemical h2 2004 dip q2 had cast some uncertainties but rebound q3 dispelled doubts about underlying cycle hurricanes katrina rita caused temporary disruptions supplies contributed volatility current up continue till 2006 07 any delay middle east capacity additions may push it into 2008 beyond due demand for coupled with lack spare higher seem
