VOL NO REGD NO DA 1589

Sunday, August 13, 2006

HEADLINE

POLITICS & POLICIES

METRO/COUNTRY

EDITORIAL

VIEWS & OPINIONS

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS/FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

SPECIAL ON BIRD FLU

URBAN PROPERTY

FE Education

FE Information Technology

Special on Logistics

NATIONAL DAY OF EGYPT

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

SWISS NATIONAL DAY 2006

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

BUSINESS/FINANCE
 
India's industrial production grows by robust 9.6pc
8/13/2006
 

          NEW DELHI, Aug 12 (AFP): India's industrial production grew by a robust 9.6 per cent in June, according to official data yesterday, but analysts said massive flooding could affect output in coming months.
Industrial production in Asia's fourth largest economy was driven by manufacturing which expanded by 10.5 per cent in June from the same month a year earlier. Manufacturing accounts for three-quarters of industrial production.
Consumer durables production grew by 19.5 per cent.
"I see these numbers as positive. We are seeing increased supply and efficiencies coming through," said R Balakrishnan, director at investment advisory firm Parallex Consulting Services.
But economists warned that widespread flooding in western and southern India as a result of the annual monsoon rains could hit future output.
The floodwaters have begun to recede in many areas but hundreds of people have died, crops have been damaged and businesses have been affected.
"It (the flooding) could have caused some serious damage to output, some exports could get hit," said Balakrishnan.
Separately, India's inflation rate fell to 4.61 per cent from 4.67 per cent a week earlier, according to India's closely watched wholesale price index. This compares with 4.16 per cent a year ago.
The week-on-week fall came after the central Reserve Bank of India hiked its trend-setting reverse repo rate by a quarter point late last month to 6.0 per cent, the highest level in four years, in a bid to restrain inflation.
The rise was the second in a month-and-a-half and marked an escalation in the bank's battle against rising prices in India which logged 9.3 per cent growth in the first quarter.

 

 
  More Headline
S Asia's macroeconomic stability, more job opportunities to help reduce poverty level
Immigrants not 'stealing jobs' from Americans
India's industrial production grows by robust 9.6pc
S Africa reports favourable trade prospects
China's foreign trade up 23.1pc in Jan-July
Indo-Pak workers' strike protesting bad work conditions
US, ROK to resume trade talks after drugs breakthrough
IBBL holds discussion on harmonisation of regulatory measures
Nigeria, Japan sign pact on classroom project
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com