https://www.taxtmi.com/news?id=909 Industrial output fell to 2.4 per cent in 2008-09 as the global financial crisis and rising input costs drove a marked slowdown across manufacturing, mining and electricity. Declines in intermediate goods from Q1 intensified the IIP drop despite robust capital goods growth; only beverages and tobacco and machinery grew strongly. Sectoral divergence was evident-consumer non-durables mixed, basic goods aligned with mining and electricity, and many intermediates contracted-while early recovery signs included higher electricity generation, improved cement dispatches and rising bank credit offtake. en-us Thu, 02 Jul 2009 17:42:42 +0530 Thu, 02 Jul 2009 17:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=909 Industrial output fell to 2.4 per cent in 2008-09 as the global financial crisis and rising input costs drove a marked slowdown across manufacturing, mining and electricity. Declines in intermediate goods from Q1 intensified the IIP drop despite robust capital goods growth; only beverages and tobacco and machinery grew strongly. Sectoral divergence was evident-consumer non-durables mixed, basic goods aligned with mining and electricity, and many intermediates contracted-while early recovery signs included higher electricity generation, improved cement dispatches and rising bank credit offtake. News - Thu, 02 Jul 2009 17:42:42 +0530 https://www.taxtmi.com/news?id=909