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Driven by a slump in the manufacturing sector, the average IIP data for the fourth quarter of 2011-12 was quite weaker-than-expected. It may be observed in the graph that whenever the 3-month average IIP figure has declined, the GDP figure for ...
May 29, 2012 at 07:23 | Source: MoneyControl.com
The factory output, measured in terms of the Index of Industrial Production (IIP), had registered a growth of 4.1 percent in February year-on-year. Expressing disappointment over the unexpected contraction, Finance Minister Pranab Mukherjee said weak ...
May 27, 2012 at 23:54 | Source: in.news.yahoo.com
The Index of Industrial Production (IIP) growth averaged 2.8 per cent in 2011/12, compared with 8.2 per cent in 2010/11. IIP growth is thus only a tad higher than the 2.5 per cent it averaged during the global downturn of 2008/09. The current account ...
May 24, 2012 at 17:31 | Source: MSN India
Industrial output contracted 3.5% in March, bringing down overall industrial growth in 2011-12 closer to the crisis year level of 2008-09. The Index of Industrial Production (IIP) growth averaged 2.8% in 2011-12 compared with 8.2% in the previous fiscal ...
May 14, 2012 at 18:33 | Source: Livemint.com
His views were similar to those of CARE Ratings' Sabnavis, who is not expecting IIP to cross the 3.5 percent mark for the year. Growth prospects for the Indian economy have been consistently downgraded. Economists polled by Reuters cut their ...
May 11, 2012 at 03:56 | Source: Reuters India
Overall, 11 out of 13 sectoral indices ended lower today. "The de-growth in IIP data for March came at sharp contrast to the IIP growth in February. Market reacted negatively to the data and slipped down further...the short term trend has become ...
May 11, 2012 at 13:35 | Source: Hindustan Times
Here’s the outlook for the coming month for equities, debt and mutual fund sectors: • Indian markets remained under selling pressure led by negative global cues, lower than expected IIP growth, issues related to GAAR as well as negative outlook by S&P ...
May 25, 2012 at 07:42 | Source: in.news.yahoo.com
Elaborating the reasons behind the dip in growth, the report also said that contraction in March IIP, slower production of capital goods, weaker consumption trend would be the key reasons behind fall in GDP. It also noted that industry has long suffered ...
May 24, 2012 at 13:34 | Source: MSN India
The slower growth being anticipated is based largely on the fact that the manufacturing sector — which contributes around 20% to GDP — continued to underperform during the quarter. “A sharp contraction in the IIP for March is a key reason for the ...
May 26, 2012 at 03:45 | Source: Daily News and Analysis