Interest rate hike of 25bps by RBI will be further dampener for already slowed down industrial growth, said B Muthuraman, president of CII.
Speaking to CNBC-TV18, Muthuraman said, "The index of industrial production (IIP) is now at 3.3%. On year-on-year basis it is around 5.8% as compared to over 9% of last year, so it is worrying." Post the rate hike he expects further slowdown in industrial growth. Also Read: Shocked auto industry says RBI step never expected Below is the edited transcript of MuthuramanDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
