IIP SHOWS CLEAR SIGNS OF A SLOWDOWN

Economic growth Index of Industrial Production for June 2008 fell to 5.4% as against 8.9% in June 2007. But month-on-month, the growth has bettered from 4.1% recorded in May 2008.Manufacturing sector was the main gravitational pull, the main culprit pulling down the IIP growth. Manufacturing which accounts for two-thirds of the IIP fell down dramatically … Read more IIP SHOWS CLEAR SIGNS OF A SLOWDOWN