As I was writing from couple of months about growth faltering due to various issues like inflation, interest rates, international demand dampening and etc., October IIP came dismally at -5.1% as compared with September's revised numbers of 2.0%. And major problem is all the important sectors like Capital goods, Manufacturing and Mining are in negative except Electricity growth. For more click here.
An interesting observation and opinion from Ruchir Sharma of Morgan Stanley about Economic Growth and Inflation (or Disinflation). Click here for more.
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