<h1>India's Industrial Growth Slows to 5.0% in 2011-12; RBI Rate Hikes Impact Economic Expansion.</h1> Industrial growth in India slowed to 5.0% in 2011-12 (April-September) compared to 8.8% in the same period the previous year, partly due to increased interest rates. The Reserve Bank of India has been raising policy rates since March 2010 to control inflation. In the Second Quarter Review of Monetary Policy 2011-12, the RBI indicated that while inflation rates may persist until November, further rate hikes might not be necessary if inflation aligns with projections. This information was provided by a government official in response to a parliamentary question.