Saturday, 13 July 2013

Indian economy flick down,may IIP lowest

The economy grow most worse in India, The index of Industrial production is worse than projected in May. In May IIP contracts slipped to -1.6 per cent. Market in May IIP growth was projected at 1.5 per cent.

In April this year the IIP growth was 1.9 per cent. In May 2012, IIP growth was 2.5 per cent.

Month-on-month growth of 2.8 percent in June from a shrinking manufacturing sector was -2 per cent. Depending on the month in June, up from 6.2 per cent to 0.7 per cent growth in electricity sector.

-3 Percent on the month in June, down from -5.7 per cent growth of the mining sector. Basic goods growth at 1.3 per cent in April contracts and -0.4 per cent in June. April 1 per cent growth in capital goods contracts and -2.7 per cent in June.

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