Modi gets a 'F' for Make in India

May 13, 2016 12:46

Growth in factory output has continued to sputter, tumbling to 0.1 per cent in March from 2 per cent in the previous month and lending credence to the perception that the Narendra Modi government's efforts to pump-prime the economy are failing to yield the desired results. The piffling growth of 0.1 per cent in industrial output was a huge disappointment for the markets and economists where the consensus view was that it would be 2.5 per cent. Barclays India had forecast a factory output growth of 4 per cent in March - the last month of the financial year 2015-16. Read more

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