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Industrial growth plunges to 5.30% in Nov (The Hindu Business Line 11th Jan 2008)Growth in India's industrial production plunged to 5.3 per cent in November this fiscal from 15.8 per cent last year following a huge decline in the manufacturing sector.
The manufacturing growth dipped to 5.4 per cent in November from 17.2 per cent in 2006. Electricity segment also showed a dismal performance growing by only 5.8 per cent, against 8.7 per cent. Mining was down from 8.8 per cent to 3.5 per cent.
For the April-November More
Inflation remains unaltered at 3.50% (The Hindu Business Line 11th Jan 2008)The wholesale price index based inflation for the week ended December 29, 2007, remained unchanged at its previous week's level of 3.50 per cent. The annual rate of inflation stood at 5.89 per cent a year ago.
According to the official data released today, the price of food articles' group declined by 0.3 per cent due to lower prices of fruits and vegetables, which fell by 2 per cent and fall in prices of fish-marine, moong and urad pulses by 1 per cent each o ver the previous week. More
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