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Industry Manufacturing growth set for a slowdown

	May 05, 2008

The Reserve Bank of India (RBI) in its industrial outlook survey has stated that despite an improvement in the operating environment, performance of the manufacturing sector is expected to be lower in the April-June 2008 quarter (Q1) compared with that in the same period of 2007. According to its survey a significantly higher proportion of respondents expected a decline in overall business, financial situation and exports and an increase in prices of raw materials when compared to the paramet ...