Factory flaw

Predictions for growth in the industrial sector this May, as compared with the same month in 2010, were mostly in the range of 8 per cent. Some analysts stuck their necks out and suggested it might go as low as 7 per cent. Thus few were prepared when the real numbers were released on Tuesday. They indicated that industrial growth — as represented by the index of industrial production, or IIP — was as low as 5.6 per cent year-on-year.

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