Sunday, June 14, 2009

Worst is over for economy: PM adviser

India's industrial output growth in April showed signs of recovery and the worst is over for the economy, a senior policy adviser said
on Friday.

"Signs of recovery are there. Worst is over, that is what I have been saying. Worst is over for the economy," said Suresh Tendulkar, the head of Prime Minister's economic advisory council.

Data on Friday showed industrial output rose by 1.4 per cent in April from a year earlier, rebounding after declining three times in the previous four months.

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