New
Delhi, akash
dwivedi, “The continuous downtrend in both
WPI and CPI seen over the past four/five months is a positive signal towards
stabilization of prices. While the issue of inflation is being handled well,
the sharp dip in manufacturing growth reported in the latest monthly release is
a matter of concern. This needs to be tackled on war footing”, said Mr.
Sidharth Birla, President, FICCI.
“The
recent data on capital goods and consumer durables reflect persistent weak
demand conditions. In addition, the
global recovery remains scattered and this is reflected in our export growth
which was seen waning in the past few months. Amidst the current situation, a
cut in the interest rates will at least provide some impetus to domestic
demand.
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