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Decline In Industrial Growth

April 12, 2014 by AmbitionIAS Leave a Comment

  • Industrial growth slid into negative territory and is not expected to recover. This is mainly due to a lull in manufacturing, especially of capital goods.
  • The contributing reasons are:
    • Reduction in consumer demand
    • High inflation
    • Unaffordable rates on EMIs
  • 13 of the 22 industry groups in manufacturing showed negative growth with the steepest decline in ‘Radio, TV and communication equipment and apparatus’ (-) 34.1%, followed by ‘Electrical machinery and apparatus’ (-) 24.6%, ‘Wearing apparel; dressing and dyeing of fur’ (-) 21.3%.

Exams Perspective:

  1. What are capital goods ?
  2. What is inflation ?
  3. What is Index of Industrial Production (IIP) ?
  4. What is Central Statistical Organization ?

Filed Under: Current Affairs, Economy Tagged With: High inflation, Reduction in consumer demand, Unaffordable rates on EMIs

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