Polymer prices

Industrial slowdown lowers Indian polymer prices

December 29, 2011 | By Arti Sharma

The current economic slowdown has spurred the RBI to lower its GDP growth forecast for the financial year 2011-12 to 6.9%. Indian industry is also feeling the heat and the index of industrial production shows a sharp deceleration with a growth of only 2.79% between July to September 2011. The main reasons for the slow growth in Indian industry are low domestic demand and rising inflation. ...cont´d

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