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India's March industrial output contracts 3.5 pct y/y
NEW DELHI, May 11 (Reuters) - India's industrial output unexpectedly contracted 3.5 percent in March from a year earlier, government data showed on Friday. Analysts had expected output to grow 1.5 percent, a Reuters poll showed. The March figure compares with February's annual increase of 4.1 percent. Manufacturing, which constitutes about 76 percent of industrial production, shrank an annual
NEW DELHI, May 11 (Reuters) - India's industrial output unexpectedly contracted 3.5 percent in March from a year earlier, government data showed on Friday. Analysts had expected output to grow 1.5 percent, a Reuters poll showed. The March figure compares with February's annual increase of 4.1 percent. Manufacturing, which constitutes about 76 percent of industrial production, shrank an annual
IIP decline may lead to slowdown?
New Delhi, May 11 (IBNS) Industry body ASSOCHAM said disappointed industrial output numbers in March resulting from high interest rates have muted expansion, stoked worries of an economic slowdown and made a stronger case for the central bank to ease monetary policy further despite inflation risks.
New Delhi, May 11 (IBNS) Industry body ASSOCHAM said disappointed industrial output numbers in March resulting from high interest rates have muted expansion, stoked worries of an economic slowdown and made a stronger case for the central bank to ease monetary policy further despite inflation risks.
India's industrial output dips 3.5 percent in March (Roundup)
India's industrial output shrank 3.5 percent in March from a year earlier, driven by poor performance of manufacturing and mining sectors, dampening hopes of an early revival of growth, government data showed Friday.
India's industrial output shrank 3.5 percent in March from a year earlier, driven by poor performance of manufacturing and mining sectors, dampening hopes of an early revival of growth, government data showed Friday.
Sharma seeks differential rate for industry as output falls
The Reserve Bank of India (RBI) should devise a mechanism of differential rate of credit for manufacturing sector to revive growth, Commerce and Industry Minister Anand Sharma said Friday, expressing "deep concern" over contraction in factory output.
The Reserve Bank of India (RBI) should devise a mechanism of differential rate of credit for manufacturing sector to revive growth, Commerce and Industry Minister Anand Sharma said Friday, expressing "deep concern" over contraction in factory output.
Anand Sharma concerned at IIP decline
New Delhi, May 11 (IBNS) Union Commerce, Industry and Textiles Minister Anand Sharma on Friday expressed "deep concern" over the decline in the Index of Industrial Production (IIP) especially in capital goods and manufacturing.
New Delhi, May 11 (IBNS) Union Commerce, Industry and Textiles Minister Anand Sharma on Friday expressed "deep concern" over the decline in the Index of Industrial Production (IIP) especially in capital goods and manufacturing.
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