Plan panel expresses disappointment over IIP numbers

August 09, 2012 15:12

The Planning Commission today expressed disappointment over decline in industrial output by 1.8 per cent in June, while hoping the steps announced by Finance Minister P Chidambaram would help in boosting growth.

"The industrial number has been disappointing for the first few months (of the fiscal)," Commission's Deputy Chairman Montek Singh Ahluwalia said. He added that initiatives announced by Chidambaram to boost investment sentiments last week would help in turn around of the economy.

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