Industrial output growth declines further to 5.5%
The country's twelve-monthly industrial output growth probably declined further during the month of June to 5.5% as compared to a nine-month low of 5.6% during the month of May, showing tight monetary plan and growing inflation were hampering growth momentum.
Industrial growth nosedived to 2.7 percent in November 2010 against 11.3 percent in the same period a year-ago, pulled down by dismal performance of manufacturing sector, particularly the consumer non-durables.