The April IIP data is out and once again it is very dissapointing . The Industrial growth rate is 0.1% in April . What will happen to India at this growth rate ?? It is expected that such low growth will continue till the end of 2012 . Consumer goods Industry has performed better in April as compaired previous Months . Looking into poor GDP and IIP data now it is expected that RBI will have little option not to reduce the Repo rate . RBI is expected to reduce the rate by atleast 25bps on 18th June . All key area like Mining , Manufacturing & Electricity continue to show poor growth . It is now 1 year Mining industry is showing dismal growth rate due to number of scam in the Industry and no new announcement by Government .
So unless Government take some big step to boost the Economy by reviving the feel good factor we will see some more such surprising data in the coming Months
So unless Government take some big step to boost the Economy by reviving the feel good factor we will see some more such surprising data in the coming Months
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