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Industrial growth slows to 5.4%

Monetary Tightening By Central Bank Begins To Take Effect Our Bureau NEW DELHI INDUSTRIAL production grew 5.4% in June 2008, higher than the 4.1% (revised) growth in May 2008 but well below the 8.9% growth in June 2007. The slower pace of industrial growth has intensified apprehensions that the growth rate of the Indian economy could slip below 8% in the current fiscal, and raises the importance of a good monsoon this year.

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