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Indian economic and manufacturing growth will proceed at a slower pace than previously anticipated, according to The Manufacturing Outlook in India, a report from the Manufacturers Alliance/MAPI. In the first quarter of 2011, growth moderated to 7.8 percent with signs of a more pronounced slowdown for the remainder of the year.
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High and persistent inflation remains a risk for the economic outlook. The diminished thrust from infrastructure spending as well as slowing GDP growth has created a sharp slowdown in gross fixed capital formation growth and in capital goods output growth, a risk for the strength of the overall manufacturing expansion.
For more details from The Manufacturing Outlook in India, visit mapi.net.