India's industrial output contracted for the
first time in four months. Industrial production growth fell to 1.8% y-o-y in
October 2013 from 2% y-o-y in September. The decline was due to falling
production in the country's mining and manufacturing industries. Consumer price
index inflation rose to 11.2% y-o-y in November from 10.2% in October. In this
scenario, it is expected that Reserve Bank of India may hike the repo rate. Companies
complain that rising borrowing costs are making it harder for them to expand.
The Communist Party of India (Marxist) would organise
a protest campaign across Kottayam district on 16, 17 & 18th December, against
the indifference of Central and State governments towards the problems faced by
rubber growers in Kerala.
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