Register Now at www.NIFTYGENIE.COM for premium services
Genie's View on NIFTY
Market Outlook
Global Market Update

Genie's Latest Tweets

Community

Welcome to Nifty Genie's  Community !
Rate Stocks : Pick your stock and recommend BUY or SELL
Research Stocks :Analyse a stock both technical and fundamental inputs, then advise the same to investors
Share Ideas: Trading Styles, Trading Strategies and useful tips.
Ask a Question & Get Answered :You can post your queries and get answered by Genie or from the fellow investor.
____________________________________________________________
Click to Register
  • Its absolutely FREE and anyone can post.
  • Just Register | create your account.
  • Login | Post your views and ideas.
    • Reach out the young, techno savvy, mass affluent investors across the globe.
    ____________________________________________________________

    Industrial output shrinks by 2.3% in March

     
    India''s industrial production fell 2.3 per cent in March as against a rise of 5.5 per cent
    during the corresponding month in 2008, mainly due to weak performance by the
    manufacturing sector, the output of which contracted by 3.3 per cent during March.
      
    The sector, which accounts for almost 80 per cent of the index, registered a growth
    of 5.7 per cent during the same month in 2008.
     
    For 2008-09, industrial output growth was 2.4 per cent, which was down from a high
    of 8.5 per cent during the previous financial year, according to the Index of Industrial
    Production (IIP) figures released by the government today.
      
    The mining sector too reported dismal growth of 0.4 per cent during March as against
    an increase of 4.9 per cent. However, the power generation rose by 6.3 per cent
    during the month as compared to 3.7 per cent during the corresponding period in 2008.