LD-IIP 3LST

As far as volatility in IIP data is concerned, the
government is itself seized of the matter, Rao said.
Sharp decline in industrial figures, however, may not
impact overall growth much, since agriculture production and
services sector are robust, said Joshi.
The government is expecting up to over 9 per cent growth
this fiscal, the first half of which has already seen 8.9 per
cent expansion in Gross Domestic Product.
Surprisingly, stock markets, which was under bearish
pressure for quite some time, were not impacted by the dismal
IIP numbers. Though it erased earlier gains in mid-session,
equity benchmark Sensex was up over 230 points. PTI KKS
SAK


The information contained in this electronic message and any attachments to this
message are intended for the exclusive use of the addressee(s) and may contain
proprietary, confidential or privileged information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please notify
the sender immediately and destroy all copies of this message and any attachments
contained in it.