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Partial recovery in the Indian market was short-lived as dismal Index of Industrial Production (IIP)
Friday, October 10, 2008 timesofindia.indiatimes.com
(
Business
)
MUMBAI: Partial recovery in the Indian market was short-lived as dismal Index of Industrial Production (IIP) data for August 2008 indicated an “industrial recession.”
Industrial growth slowed to a mere 1.3 per cent against 10.9 per cent (YoY). Major blows to the decline came from capital goods, manufacturing and mining sectors.
Capital goods sector grew at 2.3 per cent against 30.8 per cent (YoY
Tags :
MUMBAI
IIP
Indian-market
YoY
Sensex
Bombay-Stock
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