Indian industrial growth contracts on the RBI policy

Note: This section contains information in English only.
Source: Commodityonline

The Reserve Bank of India conducts its tough monetary policy aimed at lowering the inflation rate thus impacting the development of industrial sector, reported ASSOCHAM. Net sales in Q2 decreased to 20.41% as compared to 27.67% in Q1. The government encourages companies to concentrate on output increase rather than on imports as depreciating rupee will put additional pressure on such imports as oil, coal and metals.

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