India'S GDP Growth Is Unlikely To Be Close To 9%.
The India Federation of Commerce and industry (ASSOCHAM) predicted that the growth of GDP industry in June will be affected by the slow growth of industrial production in June.
Mr. Sajjan Jindal, President of ASSOCHAM, said that the phenomenon of continuous regression in manufacturing industry dropped by 5.4% in June 2008 and 8.9% in the same period last year. So this is a serious problem now.
Even if the industry takes full advantage of incentives and preferential policies, GDP growth will not be close to 9%, he said.
He said that under lucky circumstances, India's GDP growth rate could reach 8%, because the industrial production losses in the first quarter of this fiscal year were huge.
According to him, only the growth of durable consumer goods is satisfactory, but it is doubtful whether it will continue.
This year's rainy season is very good, and agricultural production is expected to continue to expand, which will make up for some of the losses in industry.
- Related reading
Small And Medium Enterprises Enter The International Market. Zhejiang Textile Enterprises Make Uniforms For American Universities.
|- neust fashion | "SHOW ME THE MONEY" X Adidas New Joint Series Of Pictures Released!
- Expert commentary | Fundamentals Remain Bad Polyester Filament Market Will Be Running Weak
- Daily headlines | Stepping Into The New Era Of "Fashion Upgrades", The "Red Gang Tailor" Has Opened Its Colorful Future.
- Daily headlines | "2019 Changan CS75 PLUS" China Chongqing International Fashion Week Opens
- Company news | Step On The "Hot Wheels" Of AI Technology. Xiao Cloth Intelligent Quality Inspection Robot Will Appear In Intertextile Autumn Winter Noodles Accessories Exhibition.
- Company news | Big Mac Adds Engine Of Expansion! Take You To Know The World'S Largest PTA Factory Under Hengyi And Rongsheng.
- Company news | Focus On Down Jacket For 43 Years, Milan Fashion Week Strongest Team Gathered In Bosideng Show.
- neust fashion | Little Sister Came To See, Early Autumn Must Buy Knitted Sweater Recommendation!
- neust fashion | CIFW2019: Liu Wei'S Special Show
- Daily headlines | Countdown For A Week! 2019 China Textile Fair Autumn Textile Exhibition
- Sewing Machinery Industry Presents Negative Growth And Shortage Of Funds Becomes The Most Difficult.
- Tax Rebate Rate Rises, Panyu Garment Enterprises Export Revitalized
- The United States Wants To Cut Tariffs On Imported Shoes. Some Members Objected That The Move Was Only Beneficial To China.
- Small And Medium Enterprises Enter The International Market. Zhejiang Textile Enterprises Make Uniforms For American Universities.
- Garment Quality Sampling Inspection 40% Failed
- Tight Monetary Policy Coexists With Opportunities And Challenges For Export Shoe Leather Enterprises In Fujian
- Summer Wear Discount Goes Straight, So The Price Of Brand Women'S Clothing Is Cheaper.
- China'S Toy Exports Grew Sharply In July
- Fashion Personalized Home Textile Pillow On Your Own Head.
- Guan Hua Knitting: Big Business Opportunities Favor Strong Enterprises With Excellent Product Quality, Advanced Management And Service In Place.