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During March, the overall industrial production had contracted by 3.5 per cent on a year-on-year basis. According to the Index of Industrial Production (IIP) data released on Tuesday, output in the capital goods segment shrank by 16.3 per cent during
The Index of Industrial Production (IIP) for the month of April grew at a marginal 0.1 per cent versus a contraction of (-) 3.2 per cent in March. The March IIP numbers were revised to (-)3.2% as against (-) 3.5% cited earlier. The mining sector
Economic growth, as measured by the gross domestic product, or GDP, during the quarter ended March is seen coming in almost unchanged from the quarter before. The country will log a growth rate of 6.1% during the quarter, according to the median of
While many observers expected growth to slow down, few expected an actual decline in production. However, the IIP data in recent months has been volatile and prone to errors and revisions. The industrial production data is also not consistent with
Investors are looking forward to the government's inflation data for April this Monday to lift sagging market sentiments in the wake of disappointing IIP data for March that has renewed concerns over fundamental weakness in the economy, analysts have
On Monday, the Central Statistics Office said the Index of Industrial Production (IIP) shrank by 3.5% in March, after clocking 4.1% growth in February and 9.4% growth in March 2011. Analysts had expected the index to be between 1.5% and 2% instead of
In an interview with ET Now, Ananth Narayan, Regional Head--Gobal Markets-South Asia, Standard Chartered , shares his views on the rupee...Ananth Narayan: The steps taken by the RBI yesterday were pretty welcome. The fact is that we have always
Rangarajan talks about the disappointing IIP numbers, adding that quick action on the data-gathering process is important for effective policy-making...One would have thought that growth may not be that strong but not expected a negative growth rate.
The Index of Industrial Production (IIP) contracted at an astonishing (-) 3.5 per cent in March versus 4.1% in the month of February. While the mining sector contracted at (-) 1.3% versus 2.1% in February, the capital goods sector provided the
Industrial production is expected to have risen by a weak 1.8 percent in March 2012 compared to 4.1% in Feburary 2012, according to an ET Now poll...Mining output in March likely grew at 1.2 percent compared to 2.1 percent in February 2012.