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Environment for growth
The Index of Industrial Production (IIP) numbers for May 2011 will further dampen investor sentiment and put at risk the growth projections for the year. The IIP growth number of 5.6 per cent in May 2011 over May last year is the lowest in nine months. A downward trend in IIP has been seen since December 2010, with brief interludes of good news. The slowdown in industry is a fact and needs to be tackled
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