Pranab Mukherjee expects
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
Ratan Tata ~ Pranab Mukherjee ~ Forex Rates ~ Bullion Rates ~ RBI ~ SEBI ~ Stock Markets
Home / Business News / 2010 / September 2010 / September 10, 2010
Pranab Mukherjee expects 12-13 per cent industrial growth in 2010
RSS / Print / Comments

Reserve Bank of India

Manmohan Singh reviews financial inclusion efforts

RBI raises key rates to tame inflation

Reserve Bank of India raises repo rate by 25 bps, reverse repo by 50 bps

More on Reserve Bank of India

Pranab Mukherjee

Congress decides to avoid hasty decision on the fate of Karanataka Govt.

Pranab Mukherjee seeks more financial sector reforms

Pranab cautions the world on 'fragile' global economic recovery

More on Pranab Mukherjee

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Security beefed for Durga Puja festival in West Bengal

Palin warns of 'Armageddon', WW III if Iran obtains nuke weapons

Milla Jovovich on her career and family life

Google Inc. working with less known handset makers to target middle clas Indians

Arrest warrant issued against Rio Ferdinand's brother for skipping court date

Mercedes-Benz to come up with safer child seat soon

Blame your mom for your muffin top or thunder thighs

Pranab Mukherjee expects 12-13 per cent industrial growth in 2010

Finance Minister Pranab Mukherjee on Friday pegged industrial growth to be between 12-13 per cent in the current year.


New Delhi, Sep 10 : Finance Minister Pranab Mukherjee on Friday pegged industrial growth to be between 12-13 per cent in the current year.

"Manufacturing sector, which generates employment is doing well. I expect average industrial growth to be between 12-13 per cent this year," said Mukherjee.

"Government and Reserve Bank of India (RBI) are watching. Let us see. We will take actions as the situation demands," he added, when asked whether RBI will further tighten monetary policy to combat inflation.

It has been reported that the RBI is expected to raise its short-term borrowing and lending rates at its September 16 mid-quarter review.

The overall inflation for the month of July was 9.97 per cent, while figures for August are expected next week.

Wholesale food inflation shot up to 11.47 per cent for the week ended August 28 due to increase in prices of cereals, fruits and milk.

Analysts attributed the rise to play of statistical base effects, as most expected food inflation to moderate in the coming months when kharif production came to the market.

ANI

Link to this page

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2018 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us