Industrial growth slows down to 4.4 percent in Sept

Friday, 12 November 2010, 20:14 IST
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New Delhi: Industrial growth almost halved to 4.4 percent in September against 8.2 percent a year ago, pulled down by slow-down across segments. However, industrial growth in the first half of this fiscal, as measured by the Index of Industrial Production (IIP), stood at 10.2 percent against 6.3 percent a year ago. The higher growth in the first half of this fiscal is because of robust production figures for initial months. With the growth coming down heavily in the month of September along with declining inflation numbers, RBI is likely to pause tightening of its monetary policy, indications of which were given by it in its latest review on November 2. While manufacturing, comprising almost 80 percent of IIP, grew at slower rate of 4.5 percent in September against 8.
Source: PTI
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