Industrial production growth declined to 2 per cent in June, mainly on account of poor show by mining and manufacturing sectors.
Experts partially attribute slowdown to cut in spend during elections
Growth may remain muted on weak exports, rural distress, credit constraints
Of 23 sub-sectors within manufacturing, 13 recorded a year-on-year contraction, as compared to two in September
Economists suggest that current rates sustaining over the next 2-3 quarters, will lead to the 5-6 per cent mark for the year, which will be a significant recovery
Non-oil, non-gold imports rose 22.6% in Oct