Reaction on IIP Numbers - Mr.Harsh Pati Singhania

Harsh Pati Singhania - MD JK Paper, Director JK Organisation, Past President FICCI, President International Chamber of Commerce, India said "Latest data on IIP and manufacturing sector is disappointing and shows that Government and RBI need to take urgent steps to stimulate growth. The cumulative Manufacturing growth in the first quarter Apr-Jun 2012 is in the negative territory. Unless a quick action is taken now, it is possible that this trend will continue for the rest of the year. For the year as a whole, manufacturing growth may show insignificant or no growth. This has obvious implications for overall GDP growth and job creation."

Source : Equity Bulls

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