Growth declines as worries mount
Two bits of economic data released on Friday reflected the conundrum facing Indian policy makers as they try to find a balance between growth and inflation. Inflation for the week ended June 28 rose to 11.89 per cent compared to 11.63 per cent last week. But it was growth worries that topped the agenda on Friday, as IIP growth dipped sharply and unexpectedly to a mere 3.8 per cent.
