Does He Hear The Alarm Bells?

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Outlook Web Desk
Updated on:
Updated on:
Does He Hear The Alarm Bells?
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  • Over the past five years, investment in manufacturing has declined by a third.
  • Industrial growth was only 4.9 per cent last year.
  • Sales of consumer durables have touched rock-bottom, people are buying fewer cars, trucks, TVs, even food items.
  • Services, the main growth contributor, are down to 8.6 per cent only.
  • Non-oil imports dipped by 15 er cent in dollar terms.
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