A clear sign has emerged that India
is about to hit or has in fact already hit Industrial
Recession. The latest IIP (Index
of Industrial Production) figures released by the government last week indicate
that industrial production in India has taken a downturn. It’s been a cause for
concern that India’s industries are not growing at the same pace as the
services sector is. However for a country that has needs that can be met only
by industrial production; the low IIP figure is somewhat shocking and warrants
a cause for concern.
A clear sign has emerged that India
is about to hit or has in fact already hit Industrial
Recession. The latest IIP (Index
of Industrial Production) figures released by the government last week indicate
that industrial production in India has taken a downturn. It’s been a cause for
concern that India’s industries are not growing at the same pace as the
services sector is. However for a country that has needs that can be met only
by industrial production; the low IIP figure is somewhat shocking and warrants
a cause for concern. 