In Nov 12 Industry growth is at -0.1% as against 8.3% just one Month before . This has given sufficient ground for the Market to Expect RBI to cut interest rate in the coming review meeting on 29th Jan 2013
October 12 IIP data was a big surprise for all when it was 8.3% . All were expecting that industrial production has revived . But seeing the Nov data all hope has now got smashed .
This fiiscal ( YTD Nov ) IIP growth rate is only at 1% as against 3.8% in the same period last fiscal ( FY 12 )
October 12 IIP data was a big surprise for all when it was 8.3% . All were expecting that industrial production has revived . But seeing the Nov data all hope has now got smashed .
This fiiscal ( YTD Nov ) IIP growth rate is only at 1% as against 3.8% in the same period last fiscal ( FY 12 )
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