| 2012 was a sluggish year in terms of economic growth, largely because of high interest rates and poor industrial production. Indeed, the index of industrial production rose by just 0.4% in April-August 2012, as compared to 5.6% in the same period of 2011.
Manufacturing activity, which contributes significantly to India's GDP, also took a big hit in 2012. Inflation remained high, impacting sentiments and investor interest across businesses - including real estate...............................................Full Article: Source
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