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Thursday, April 12, 2012

Weak growth in industrial production to India in January and February

On : 5:22:00 PM
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India said, The growth of industrial production in February was weaker than expected, and that the result of wildly overestimated the size of the production month of January.

And increase data released on Thursday, fear of failure to achieve India's economic growth prospects and increase the pressure on the central bank to cut interest rates when it meets next week.

The government says, the industrial output value in January grew 1.1% from a year ago, which is much lower than the initial estimates, which predicted the growth rate to reach 6.8%.

Came the growth rate in February, far from expectations, reaching 4.1%.

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