Industrial growth slows down to 4.4 pc in Sept
NEW DELHI: Industrial growth almost halved to 4.4 per cent in September against 8.2 per cent 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 per cent against 6.3 per cent 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 per cent of IIP, grew at slower rate of 4.5 per cent in September against 8.
However, Industrial growth in the first half of this fiscal, as measured by the Index of Industrial Production (IIP), stood at 10.2 per cent against 6.3 per cent 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 per cent of IIP, grew at slower rate of 4.5 per cent in September against 8.
name-deepak kumar jha
pgdm 1st sem
(2010-2012)
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