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Indian Industrial Production sees negative growth in 10 years
- Filed under: Industrial Growth, india
- Date: Dec 12,2008
Much awaited Industrial Production data came in today for the month of october .IIP, number stands at a negative 0.4 percent , which means the growth declined by .4 percent no growth at all. It was 4.8% month-on-month compared to september 2008.It was at 12.22 percent year-on-year in october 2007. I heard that in 10 years this is first time and negative growth has happened only twice now in the indian industrial sector.
