Industrial growth decelerates; dismal 2.7 per cent for November 2010

According to the IIP (index of industrial production) data released on January 12, 2011, the Industrial growth nosedived to a dismal 2.7 per cent in November 2010 from a robust figure of 11.3 per cent in October 2010.

The sharp deceleration in growth in November 2010 is an 18-month low. Even year back, the IIP number for November 2009 stood at 11.3 per cent.

Raising concerns over high inflation are expected to in focus at the Reserve Bank of India (RBI) scheduled monetary review on January 25 where the RBI is expected to hike its key policy rates.
 

Last Update Tuesday 25th January 2011     

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