A BAD YEAR FOR INDUSTRIAL SECTOR
Article Abstract:
The domestic industrial growth fell from 6.3 percent in April 1998 to 2 percent in October 1998. The overall growth of industry was 3.6 percent during April-October 1998. Investments in long- term and short-term did not materialise as the industry perceived instability of the Government of India. In April 1998, the industry had recorded a growth of 6.3 percent. The growth in the power sector was 10.1 percent. After the nuclear blasts in May 1998, industrial growth started falling. In 1998, major infrastructure segments recorded growth of 2.3 percent only. The capacity utilisation of the automobile industry slumped to 50 percent and that of the 2-wheeler segment also showed no significant growth. The consumers had to face high inflation and job insecurity. The capital goods sector recovered with a growth of more than 8 percent in September and October 1998. The Finance Minister of the Government of India had projected an industrial growth of 10 percent in 1998. (rk/kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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ICICI DISBURSALS UP 22% ON CORE SECTOR BINGE
Article Abstract:
There has been a 22.41 percent increase in disbursals of ICICI Limited at Rs8,247 crore in the first half of 1998-99 (Rs6,737 crore same period in 1997-98). Loan approvals have also gone up by 93.86 percent to Rs21,104 crore from Rs10,886 crore in 1997- 98. The first half results of 1998-99 reveal a slowdown in disbursements in the second quarter. Disbursements were at Rs4,225 crore in the first quarter and Rs4,022 crore in the second quarter. (uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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DAP SHORTAGE LIKELY TO AGGRAVATE NPK IMBALANCE IN FERTILISER SECTOR
Article Abstract:
A shortfall in diammonium phosphate (DAP) is likely to heighten the nitrogen phosphate potassium (NPK) imbalance all over the country. Shortage of DAP can worsen the NPK ratio also. The ratio was 8:2.9:1 which is better than 10:2.9:1 in 1996-97. The recommended ratio is 4:2:1. The Economic Survey 1997-98 points out that NPK imbalance in India and increasing burden of subsidy on urea and decontrolled fertilisers.(uh)
Comment:
India: Shortfall in diammonium phosphate likely to heighten nitrogen phosphate potassium imbalance all over the country
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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