Tuesday, August 12, 2008

June Industrial growth 3.5% less than growth of previous year

June industrial growth stands at 5.4% versus 8.9% (YoY) versus 4.1% in May.While infrastructure output number stands at 3.4% versus 5.2% (YoY).May industrial growth has been revised to 4.1% versus 3.8% earlier.Capital goods growth has come out at 5.6% (YoY). Manufacturing growth is at 5.9% versus 9.7% (YoY). Consumer goods growth is at 10%, while mining growth is at 2.9% (YoY). Electricity growth is at 2.6% (YoY).

Slowdown on Cards. There is huge gap of almost 3.5% YOY industrial growth which clearly shows that India is also not alien to global slowdown. If someone says India is decoupling, they're in fools' world.

But how hard is India Inc really affected this quarter? CNBC reports

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