Thanks to many exporter conferences that I have been involved in, I have had the opportunity to meet and interact with quite a few businesses recently. A very common theme that is emerging in my discussions with them is a sense of frustration and exhaustion with the sheer number of 'disruptive changes' that have been coming through one after the other.
As growth of country's industrial production slipped to 3.1% in the month of April, India Inc reiterated its demand for a cut in interest rate by the Reserve Bank of India (RBI), stating that it was imperative to bolster growth as well as consumer demand.
Industrial output grew merely 0.7% in the month of September mostly due to the poor performance by mining and manufacturing sectors along with a drop in the output of capital goods.
The core sector output growth surged to a 6.6% in October, which is the highest since April. The combined Index of Eight Core Industries stands at 188.1 in October, 2016, which was 6.6% higher