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Growth remains low

 

PUJA AWASTHI | Issue Dated: November 30, -0001, New Delhi
Tags : Industrial Production | growth | exports | manufacturing |
 

Industrial production posted a 2 per cent growth in September while inflation hit double digits at 10.09, underscoring the fact that a recovery is still far off, according to the Index of Industrial Production. The manufacturing sector grew at 0.6 per cent, but capital goods production fell by 6.8 per cent making it clear that investments are not happening. Stronger demand from India’s export destinations led to an increase in production, with exports growing 11.15 per cent. With latest figures, forecasts for improved growth appear distant.

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Issue Dated: Feb 5, 2017