CMIE cuts industrial production growth forecast to 8.2 per cent

The Centre for Monitoring Indian Economy (CMIE) has scaled down its forecast for the industrial production growth in 2011-12 to 8.2 per cent from 8.7 per cent earlier. A lower-than-expected growth witnessed by a few industries prompted it to revise the forecast downwards, CMIE said in its monthly review, reports PTI.

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