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India's industrial production unexpectedly contracted in 3.5% in March as domestic demand...

India's industrial production unexpectedly contracted in 3.5% in March as domestic demand weakened and exports slid, raising concerns the country's outlook has deteriorated because of trade and fiscal deficits, political wrangling, persistent inflation and an uncertain global outlook. Production had gained 4.1% in February, and economists had expected a 1.7% gain for March.
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  • User 353732
    , contributor
    Comments (4913) | Send Message
     
    India is clearly regressing on property rights and the rule of law.
    Corruption, class warfare, regional divisions , pathetically poor political leadership, grossly incompetent government owned energy and mining companies, and the worst educational system of any major country are severe impediments to sustained growth and rising prosperity.
    11 May 2012, 05:36 AM Reply Like
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