Union budget may boost industry: PM's advisor

New Delhi, Mar 13, 2008 : According to C. Rangarajan, chairman of Prime Minister Manmohan Singh's Economic Advisory Council, fiscal stimulus steps in the federal budget for 2008/09 could boost industrial output in the months ahead, but rising global crude oil prices may pressure inflation.

According to data released by Central Statistical Organisation or CSO on March 12 growth index of industrial production or IIP slipped to 5.3% in January 2008 as compared to 11.6% in January 2007.

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