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Friday, June 10, 2022

IIP growth at eight-month high but worries still linger

Data released by the National Statistical Office (NSO) on Friday showed the index of industrial production (IIP) rose an annual 7.1% in April, compared with an upwardly revised 2.2% in March. The sector had grown by 133.5% in April 2021 on the back of a very low base of 2020 when the Covid-19 induced lockdown had smothered economic activity and growth.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EzuGJgU

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Sri Lanka central bank fines Indian Bank

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...