According to the Ministry of Commerce & Industry provisional data released on 6th March 09.
Core growth shrinks to 1.4 % in Jan 09.
The growth of six infrastructure industries – crude , oil , refinery products, coal , power , cement and finished steel –slumped to 1.4 %. Reflecting India’s decline in consumption and getting deeper into recession. Sector had grown at 3.6 % last year. According to the provisional data released , the crude production & petroleum refinery output slipped into a negative growth in January, recording a fall of 8.1 % and 2.6 %.
Agriculture has already moved to negative growth at -2.2 %
Does not signal good for future . Calls for a radical change
Showing posts with label slow growth in India. Show all posts
Showing posts with label slow growth in India. Show all posts
Friday, March 6, 2009
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