Worst is over for Indian economy: PM’s adviser

Worst is over for Indian economy: PM’s adviser
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First Published: Fri, Jun 12 2009. 05 08 PM IST
Updated: Fri, Jun 12 2009. 05 08 PM IST
New Delhi: India’s industrial output growth in April showed signs of recovery and the worst is over for the economy, a senior policy adviser said on Friday.
“Signs of recovery are there. Worst is over, that is what I have been saying. Worst is over for the economy,” said Suresh Tendulkar, the head of Prime Minister’s economic advisory council.
Data on Friday showed industrial output rose by 1.4% in April from a year earlier, rebounding after declining three times in the previous four months.
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First Published: Fri, Jun 12 2009. 05 08 PM IST