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    <title>Industrial Growth Expected to Improve</title>
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    <description>Industrial output shows a manufacturing-led rebound amid mining contraction from declines in natural gas and crude petroleum; capital goods have sustained negative growth while consumer durables remain volatile. Industrial moderation is attributed to weak investment, squeezed corporate margins, slowing credit growth and fragile global demand. Gross Capital Formation averaged positive growth historically but turned negative in select years due mainly to manufacturing investment declines. Infrastructure and energy bottlenecks-reduced natural gas and coal output and slow project implementation in rail, road and ports-pose ongoing risks to industrial and corporate sales growth, yielding only moderately positive sectoral prospects.</description>
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    <pubDate>Wed, 27 Feb 2013 13:07:47 +0530</pubDate>
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