India's manufacturing sector grew at slower pace in Jan: HSBC PMI index
Input costs rose for the 46th successive month in January amid higher fuel and raw material prices. Firms raised their output charges to protect margins in the face of higher costs.
The Reserve Bank of India cut interest rates on January 29 for the first time in nine months, in a move to propel economic growth by easing fund flow to perk up consumption and investment demand.
The bank also lowered country's GDP forecast to 5.5 per cent in 2012-13 as against 5.8 per cent estimated earlier.
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