Home

Indian production has brief surge

Calcutta News.Net
Monday 12th January, 2009

India's industrial production has risen unexpectedly for the month of November.

In recently tabulated data, India was found to have rebounded from a decline in October; the first decline in 15 years.

But for now, domestic consumption is set to moderate as the overall economy loses momentum.

India is facing an uncertain business environment and unemployment outlook with companies scaling back production and getting rid of workers.

The recession in the US, Europe and Japan is hurting demand for made-in-Asia products, forcing India’s companies to trim output.

India's overseas shipments dropped 9.9 per cent in November from a year earlier.

Email this story to a friend



Have your say on this story

Your name/nickname (optional)
Message
Top Stories  
  • Subash may join Indian football team's Barcelona camp
    New Delhi, July 4 (IANS) East Bengal's young forward Subash Singh has been put on the standbye for injured Sunil Chettri for the national football team's camp in Barcelona. [read story]
  • Maoists hijack two buses in Bihar
    Patna, July 4 (IANS) Suspected Maoists Saturday hijacked two buses in Gaya district after letting the passengers get off, police said. [read story]
  • Bank employees' strike deferred
    Chennai, July 4 (IANS) A nationwide strike planned by employees of State Bank of India (SBI) and its six associate banks for July 6 against the merger of State Bank of Indore with SBI has been deferred, a union leader said Saturday. [read story]
  • Supreme Court urged to review gay ruling
    Lucknow, July 4 (IANS) Students and teachers of Lucknow's City Montessori School (CMS) - the world's largest school in terms of enrolment - have appealed to the chief justice of India to review the Delhi High Court's judgement on decriminalising homosexuality. [read story]
  • JD-S on verge of split
    New Delhi, July 4 (IANS) The Janata Dal-Secular (JD-S) led by former prime minister H.D. Deve Gowda appeared to be on the verge of a split as its national executive Saturday rejected Kerala unit president M.P. Veerendrakumar's demand and decided to continue the party's alliance with the ruling Left. [read story]