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IIP shrinks in March, FY12 GDP growth may lag 6.9%
Industrial production contracted 3.5 per cent in March, dragging the cumulative factory output growth last financial year closer to the level of the financial crisis period of 2008-09. This indicates economic expansion has slowed down and it may not be possible for India to achieve GDP growth of 6.9 per cent during 2011-12 as calculated in the advance estimates. However, the Reserve Bank of India (RBI)

March industrial output falls, adds to wider gloom

India's industrial output unexpectedly fell in March for the first time in five months, hit by weak investment, increasing the pressure on the RBI to cut rates further. Industrial production shrank

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Inflation key, but can't ignore other forces - Gokarn

The Reserve Bank of India remains focussed on fighting inflation, but other pressures cannot be ignored in the present situation, Subir Gokarn, a deputy governor, said on Friday. India's industrial

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Sensex, rupee fall after March factory data

The Sensex and the rupee extended falls on Friday after factory output unexpectedly contracted in March from a year earlier, though any further declines may be capped given traders usually do not

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Inflation likely slowed slightly in April: Reuters Poll

India's inflation rate probably eased only slightly in April, held firm by food prices, underscoring the RBI's stance that it had little room for further rate cuts, a Reuters poll found. The median

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Exports hit demand barrier in April, imports remain muted

India’s trade deficit remained stagnant at about $13 billion in April, compared to the year-ago period, after touching a record high of $185 billion, or 10 per cent of the gross domestic

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