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IIP figures indicates slowing economic growth;jobs at stake

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Published on Dec 12, 2011

It is not just the Sensex that tanked and closed 343 points lower after a sharper than expected fall infact the country's October Industrial Output figures were out. The dismal IIP figures also brought sharply into focus the concerns over slowing economic growth. That sounds the Red Alert for the economy and also puts your job in peril, your salaries are at stake.IIP fell to minus 5.1 percent for October .GDP growth has slowed down to 6.9 percent and Annual inflation has risen to a scary 9 percent.

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