CLE India urges government to act on high costs
06/06/2011
The Indian manufacturing industry has demanded immediate government action to prevent further decline in the sector. According to latest official figures, the sector’s growth slowed down to 5.5% in the quarter ended March 31, 2011, from 15.2% in the same quarter of 2009-10. Also, the sector’s growth for the whole fiscal slowed down to 8.3% from 8.8% in 2009-10.