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‘Industrial output growth seen improving in H2 of FY12‘

‘Industrial output growth seen improving in H2 of FY12‘
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First Published: Wed, Oct 12 2011. 03 10 PM IST

Updated: Wed, Oct 12 2011. 03 10 PM IST
New Delhi: India’s industrial output growth is expected to improve in the second-half of the current financial year which ends in March, Economic Affairs secretary R. Gopalan said on Wednesday.
India’s industrial production expanded less than expected in August in further evidence of a slowdown in Asia’s third-largest economy as soaring interest rates and persistently high inflation weigh on demand.
The 4.1% growth in August industrial output over the previous year lagged a Reuters poll forecast for 5% growth and was only a slight improvement on the revised 3.84% growth clocked in July.
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First Published: Wed, Oct 12 2011. 03 10 PM IST