IIP FIGURES SHOW ECONOMY COMING OUT OF RECESSION
Article Abstract:
According to the index of industrial production (IIP) figures, Indian economy seems to be coming out of recession. During April-October 1998, the capital goods sector recorded a growth of 10.3 percent (8 percent during the same period of 1997). Imports of capital goods increased by 4 percent during April- September 1998. They had decreased by 13 percent during April- September 1997. The focus on power transmission and distribution led to an increase in the demand for transmission equipment. Oil and gas projects also generated orders for manufacturers of capital goods. (um) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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STEADY SPICE
Article Abstract:
Oleoresins are a major part of exports of spices from India. In 1997-98, the exports of oleoresins were 2,351 tonnes. During April-October 1998, the exports of oleoresins were 1,265 tonnes, worth Rs150 crore (1,310 tonnes, worth Rs121 crore, in the same period of 1997). The increased demand for Indian oleoresins is due to the growing global preference for natural fragrances, their medicinal values and the popularity of Indian food. (uh/kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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