Downward Growth Forecst by Moodys.

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..... Downward Growth Forecst by Moodys.
News and Press Release
Dated:- 21-12-2011

Press Information Bureau Government of India Ministry of Commerce & Industry 21-December-2011 12:32 IST D .....

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..... ownward Growth Forecst by Moodys Both domestic and global factors are indicated to be responsible for moderation in the low growth forecast of the economy in 2011-12. These among other, include high .....

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..... inflationary tendencies, low capital formation, moderation in industrial growth and global economic uncertainty. Government has already taken some confidence building measures. The major focus areas .....

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..... include promotion and facilitation of industrial investment including foreign direct investment ; improvement in business environment; development of industrial and other infrastructure through public .....

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..... private initiatives, incentivizing research and development; and development of industry related skills. Government in November, 2011 also announced a National Manufacturing Policy, which aims at mak .....

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..... ing Indian industry globally competitive. This information was given by Shri Jyotiraditya M. Scindia, Minister of State for Commerce and Industry in written reply to a question in the Rajya Sabha tod .....

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..... ay. DS/GK
News - Press release - PIB .....

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