05-13-2005, 12:23 AM
<b>India's Industrial Production Accelerates to 7.2%</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Production at factories, utilities and mines rose 7.2 percent from a year earlier compared with revised growth of 5.1 percent in February, the Central Statistical Organization said in a statement in New Delhi. The median of six forecasts in a Bloomberg survey was for a 6.3 percent gain. Industry grew 8 percent in the year ended March 31, the fastest since March 2000.
Faster industrial growth will help Asia's fourth-biggest economy attract the foreign investment it needs to create jobs and meet its 8 percent economic growth target. The government of Manmohan Singh says India needs to attract $150 billion in the next decade to build power plants and modernize its ports.
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Faster industrial growth will help Asia's fourth-biggest economy attract the foreign investment it needs to create jobs and meet its 8 percent economic growth target. The government of Manmohan Singh says India needs to attract $150 billion in the next decade to build power plants and modernize its ports.
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