Capital goods dip with IIP numbers
Capital goods has been hammered out of shape and growth has slowed down to just 2.5 per cent in May as against 22.4 per cent a year ago. This now threatens to derail India's ambitious infrastructure development programme. Infrastructure companies which are sitting on huge orders, however, say that there is no need to press the panic button, just yet, as it is the base effect of last year that is looming large.
