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    <title>Highlights –Industrial Performance</title>
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    <description>Industrial activity was weak with slowing growth and moderated bank credit expansion; FDI remained an important financing source. The government announced establishment of national investment and manufacturing zones, including locations along a major industrial corridor, to bolster manufacturing. Policy priorities set out include revival of private corporate investment, prompt implementation of critical reforms, and removal of infrastructure bottlenecks. The industrial outlook is conditional on policy improvements and a return to higher investment rates to support gradual recovery.</description>
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