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Proactive steps needed to boost industry in India - FM
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Wednesday, 18 Jan 2012
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Describing near 6% growth in industrial production in November as a good sign, Finance Minister Mr Pranab Mukherjee indicated that the government could take some proactive steps to boost the economy.

Factory output, as measured by the Index of Industrial Production has seen growth in recent months, with the exception of October, when it contracted.

He said that "If this trend in the numbers continues, perhaps we can expect to have a better performance (during December to March). But for that, we need to take some proactive actions about which I cannot comment on right now.”

Led by the recovery in manufacturing output, industrial production grew by 5.9% in November, 2011, after witnessing a contraction in the previous month, a development that may reverse the negative sentiment amid a slowing economy.

(Sourced from Indian Express

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